Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 32.15

+3.5%

9:51 AM EST

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To: orkrious who wrote (1871)	2/18/1999 11:35:00 AM
From: Berk	Read Replies (1) of 3069

Jay FWIW in trying to explain the inexplicable (?)Data Points: The folks over on the P and F thread (TA) have a target of 41 on the stock. If you look at RS (Relative Strength)comparative charts of VECO vs AMAT, you go long VECO and short AMAT now. RS comparative vs KLAC is trending up and therefore not as definitive but appears to be similarly positioned. To target the disk drive sector, RS comparative vs SEG shows it to be "fair value" or the midpoint of a broad range that has existed over the past two years. At the moment SEG is up and AMAT as well as VECO are down; if the past is any guide that should change the question is how. As an aside with this kind of volatility you can't blame an insider if they want to diversify. My guess is a decision was made months ago that "if the stock ever gets back to fifty (?) we sell X%." I've known many people with large positions in one stock and that is the way it is.

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