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Technology Stocks : Veeco Instruments-Who?
VECO 29.230.0%Nov 28 9:30 AM EST

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To: All Mtn Ski who wrote (2476)10/14/1999 5:32:00 PM
From: Mark Ivan  Read Replies (2) of 3069
 
Tom,

I think Carl jinxed us by going long (VBG)

I am not sure what to do here. I'm short Oct calls which will expire Saturday. My plan was to sell Calls again, but I can't really get much for the Nov 30 series. I may just go short the Nov 25's with a buy stop order in at 25 to pick up more shares here.

We are pretty much going to hit the 52 week low soon. It is rising fast ands we are falling fast. It is hard to believe this stock is at the same point as last Oct. Shame that it is my largest holding. Luckily, I have been selling CCs the whole way down to minimize the pain.

I wonder if we see sub-20's. If VECO reports poorly, that may be what we need for capitulation. The short interest has been slowing increasing since May. But we got Tax loss selling too, which may be some of this.

There was some interesting options rolling going on in Segate today. I have not analyzed it yet, but the story said it was a large instituion rolling a position. They did not say which way.

Mark
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