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 : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (2826)	10/29/1998 9:11:00 AM
From: Kirk ©	Read Replies (1) \| Respond to of 3696

I think the Brinker Effect held the stock at $20 until DJIA 8650 was breached, then the shorts made a bundle as it went pretty low before recovering to present levels. quote.yahoo.com You have to admitt that both of us found more value in other stocks in this sector and made purchases there rather than add to our long UTEK positions. I wish I was short at $24 and covering at $12.75 rather than being long at $28 and $24 and buying more as it fell to $18.75 adding to the Brinker Effect. Possibly, what I have learned on this stock has allowed me to be more patient with LRCX and make more money there (buying at a better valuation) then I might have otherwise? I'm still positive for this company long term, but I will give the shorts in the $20's their due. They were right and we were dead wrong. More on UTEK: suite101.com regards Kirk out

To: Justa Werkenstiff who wrote (2826)	10/30/1998 12:05:00 AM
From: Tom Murphy	Read Replies (2) \| Respond to of 3696

Justa...I think you take this too personally. Stockholder sentiment may hold UTEK up, but fundamentally this stock stinks (now and for at least 6 months). I went short based on the fact the Semi-equipment Industry had its lowest sales since 1993 in September, and orders are still falling. Throw in the Industry Conference two weeks ago in San Diego (where sector analyst downgraded revenue estimates for 1999 down another 10% over 1998 based on feedback from the Major players)..and you have a sector that is not going to recover in the next quarter or two. These stocks are trading on a false perception at the moment (and they may continue too, I don't have a crystal ball), but they are not trading on fundamentals. A lot of people are going to be shocked next quarter when earnings are flat to down and reality sets in.