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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

4:00 PM EST

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To: Johnny Canuck who wrote (25055)	2/3/2000 4:23:00 PM
From: Suresh	Read Replies (1) of 68173

Hi Harry, I am expecting VECO to hit 75 (35 times estimated $2+ considering their unique position). I will be keeping a trailing stop order for investment position once it exceeds 75. I was actually hoping for a considerable pull back before re-establishing my trading position. I will probably buy 1/3rd position tomorrow. I want to be long going into its earnings (feb 10th??) One of my friends who knows their product line very well thinks that it should reach atleast $100 .... but I am not that optimistic. However, I owe my thanks to him for VECO and NEWP positions. NEWP has exceeded his target... so who knows very VECO is going to stop. Later, Suresh

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