Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.03

-0.7%

3:59 PM EST

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To: Zeev Hed who wrote (2351)	8/3/1999 6:06:00 PM
From: geoffrey Wren	of 3069

I'm out of VECO today. I decided to sell about 20% of my stock holdings to pay off my margin debt because I have misgivings about the market now, and VECO was a natural candidate because it is easy to sell and I had a largish chunk of it, and I had negligible overall profit in my position, and I'm beginning to think the disk drive business might just be in a secular decline anyway. Regarding the market, it seems like many investors are ready to jump up and leave as soon as there is a whiff of bad news, sort of like a Los Angeles baseball game, where everyone leaves in the 7th inning. The bad news is that Greenspan is going to raise interest rates. I don't think he should, but I think he will. The market is already digesting this. JMO. May get back in, depending how it all shakes out. Good luck to all.

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