UTEK, Inc. develops, manufactures, and markets photolithography equipment designed to reduce the cost of manufacturing integrated circuits and thin-film heads for disk drives. For the FY ended 12/31/00, net sales rose 30% to $146.7M. Net income before acct. change totalled $9.7M, vs. a loss of $4.2M. Revenues reflect increased demand for the Company%s products in Asia Pacific and U.S. market. Earnings also reflect $16M in gain on sale of land.

February 1, 2001

Somebody forgot to tell this semiconductor equipment company about the industry slowdown. The stock is in a straight uptrend while many of it competitors are just now starting to recoup their year-end losses. UTEK's industry bucking trend is supported by some excellent fundamentals. Last week, UTEK reported profits of $0.25, which beat estimates by four pennies. The strong report was driven by new product releases during the quarter. UTEK is one of the very few momentum stock plays in the technology universe. Traders love to buy technology stocks, and if you want to buy one that is making new highs, you do not have to look any farther than UTEK. There is excellent trend line support just above $28.00. Today's low print of $30.38 should provide the initial support. Technical indicators look very good and confirm UTEK's momentum status. The MACD is trending higher and the OBV and Money Flow are really taking off. Today's new high was accompanied by volume of 1.2 million shares, which was 500,000 shares above the norm.

Picked on February 1st @ $32.88
Change since picked +0.00
Stop Loss @ $28.00

February 22, 2001

Ultratech’s winning streak ended during today's early going. UTEK succumbed to the overwhelming sell pressure that is plaguing the technology stocks. We will be sorry to see this play go because UTEK has been a brilliant diamond in the rough. UTEK's RSI is still signaling an extremely overbought condition. If this indicator pulls back and the stock can consolidate its recent gains, do not be surprised if the stock of this semiconductor equipment company makes it back onto our Current Play list.

Picked on February 1st @ $32.88
Profit/Loss +4.12 (13%) (Stopped Thursday @ $37.00)
Best Profit +6.50 (20%)

February 20, 2001

The dearth of investing opportunities for momentum technology traders continues to drive traders into a limited pool of stocks. However, the latest collapse that occurred today failed to crack the armor coating of Ultratech Stepper. We have remarked several times about the incredible relative strength that UTEK is exhibiting. Today's share price gains may have been the most impressive yet. UTEK's Relative Strength Indicator (RSI) is clearly signaling an overbought condition and yet the stock keeps rallying. We are certainly not complaining. At some point, though, there will be a pullback. Therefore, we are raising our stop again in order to protect our profits. The new stop is $37.00. UTEK closed just below another newly established high of $39.38. A move tomorrow above $39.38 on midday volume over 500,000 shares could result in another nice day trade.

Picked on February 1st @ $32.88
Change since picked +6.18
Stop Loss @ $37.00

February, 18 2001

Friday's NASDAQ (COMPX) collapse of over one hundred points was not enough to stop the impressive winning streak currently being enjoyed by UTEK's shareholders. Ultratech Stepper designs and markets semiconductor manufacturing equipment. Current innovations have led to new product offerings that are helping the company to increase sales while so many other technology stocks are languishing from an economic slowdown. Current consensus estimates are for 2001 profits of $1.17/share, which would be a whopping increase of $0.90 over 2000's earnings. Friday's rally occurred after the stock successfully tested the mild support offered by the previous day's low of $35.06. This is a classic stair step ascending pattern and positions can be held and even added, as long as the stock stays above each previous day's low. Friday's low print was $35.56. Momentum traders may be looking to add to positions if the stock can make another new high by trading above $38.50. The next important level of resistance is the all time high of $47.50. Our one technical concern is the fact that the RSI is currently indicating a short-term overbought condition. Consequently, we have raised our stop to $35.00. We are happy to enjoy the ride as far as it will take us, but one of these days, the natural occurrence of profit taking is bound to happen.

Picked on February 1st @ $32.88
Change since picked +5.12
Stop Loss @ $35.00