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


To: Justa Werkenstiff who wrote (2870)11/10/1998 1:49:00 AM
From: Tom Murphy  Read Replies (1) | Respond to of 3696
 
Read Baron's this week....Interview with 5 fund managers..they mention semi-equipment sector....noted there was a nice run up...when asked if they would recommend buying at theses levels...they said not unless you can live with no return on your investment for at least 6 months...As I stated in my previous post...I needed the money elsewhere....Bought GERN at $18...sold at 22 3/4 (45 minutes later)...Shorted it at 21 3/8....closed my short position today at 13 13/16...I would say it was worth the effort....As for UTEK...You never know, I might be back one of these days (maybe even long).
Best of Luck...
Here's one to watch tomorrow...GMGC.

PS...Come to think of it..there is so much bearish sentiment on the equip sector with the analyst right now...Maybe you will get your turnaround in the 4th quarter and get another nice run...I hope you do.....You know...the contrarian thing. Again Good Luck!