Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: advinfo who wrote (1647)	10/23/1998 12:48:00 AM
From: Tradegod	Respond to of 3813

Couldn't agree more. Shorted a little on Monday, saw a 4 point run against me. Held on Tuesday through another 3 point gain, and finally covered at a small loss when it fell 4 bucks. Saw it fall Wednesday below where I shorted it, and then turned around and ran Wed. afternoon and today almost 8 points. Momentum is pouring into this stock, and I can't quite figure why. It has now moved to a price level where there was formerly resistance, and to a PE that is optimistic on next year. AMAT is zooming too. I'm looking for a long argument besides the current momentum.

To: advinfo who wrote (1647)	10/23/1998 9:34:00 AM
From: pride	Read Replies (1) \| Respond to of 3813

this stock movement is not unusual . last summer i was going through value line looking for undervalued stocks to invest in and this stock looked good around 48...the report was dated april 28 i think...when i got back to my hotel room and looked it up in the paper in was at 72 and that was sometime in june i think. when it goes it goes fast,,,in both directions! quality company and along with TER and AMAT it is one of the best ways to play this sector. buy when then the price to book is between 1.5 and 2.0 and then sit back and wait for the ride up. in some cases you may be sitting for awhile but your patience has been rewarded. the hard part is picking a point to get out. pride