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Technology Stocks : Veeco Instruments-Who?
VECO 29.03-0.7%3:59 PM EST

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To: Mark Ivan who wrote (2358)8/8/1999 1:40:00 AM
From: Jerome  Read Replies (1) of 3069
 
Mark, You made my point better than I could. I was thinking that after SEG warned of not meeting estimates, and the DD sector was in the dumps, investors looked at VECO and concluded that since the DD sector was getting killed and the fact that VECO does big business in this area this could not be good news for VECO, so dump the stock.
Many of these inter-stock relationships are quite subtle, and do not track point to point by any given yardstick.When the street gets to hate a given sector all associated with it will be harmed, regardless of the fundamentals.
For this reason I try to interpret the atmosphere of any given sector before investing in it. Many times I have invested in companies with great fundamentals, but the street hated the sector and the stocks went nowhere for long periods of time.

Have a good week-end,

Jerome
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