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

To: Charles Webster who wrote (2967)	1/6/1999 7:56:00 PM
From: Investor2	Respond to of 3696

Re: "The 2.5 million UTEK shorts almost got theirs a little after lunch today as the price passed 21 but it was not to be today. Hold tight the ride is just starting." The short interest has been relatively steady at about $2.7 million shares since June 1998. However, the average daily trading volume fell out of bed in November and December to about 135,000 shares, yielding a "days to cover" ratio of about 20. The trading volume has picked up quite a bit lately, with an apparent rush into the semi capital equipment stocks. I would think that at least some of the volume is related to covering of shorts. Best wishes, I2