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


To: Justa Werkenstiff who wrote (2839)10/30/1998 1:23:00 PM
From: Tom Murphy  Read Replies (1) | Respond to of 3696
 
Justa werkenstiff...If you have been in the market for any length of time..then you know dumb luck comes into play a lot more then we would like. Never said I was brillant..But I do due diligence...UTEK earnings report, SEMI semiconductor Report, Dataquest semiconductor conference in San Diego (I was there), Merrill Lynch revising outlook on the sector (down again), Various earnings estimates downgrades on the big boys in the sector the past week, etc. The only thing I have seen as far a DD from a lot of longs in this stock is "Bob Brinker's recommendation. I know I am fighting the tape at the moment (with the DOW up over a hundred points the past two days), but then again UTEK has not kept pace with the market the past two days. If the market corrects slightly, UTEK will finish down.
As far as risk, don't worry to much about me. I won't take a loss on this one. At worst I will get out this time, slightly up or even. As far as potential returns...2 to 4 points will make me a nice quick profit (up over 1 right now)...I guess it all depends how many shares you play with.



To: Justa Werkenstiff who wrote (2839)10/30/1998 2:20:00 PM
From: Kirk ©  Read Replies (1) | Respond to of 3696
 
FWIW, remember my old chart that showed how semicaps trail Intel by about 6 months? Take a look at how Intel is trading these days... 8)

I think the lows have been put in, though I would not be surprised to give a good deal back on weakness.

Kirk