Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.30

-0.9%

Dec 24 12:59 PM EST

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To: Carl R. who wrote (1542)	10/8/1998 9:17:00 AM
From: Zeev Hed	Read Replies (3) of 3069

Carl, but if 23 breaks, as it might today, the decline may be fast and furious to under 20, IMHO. Very dangerous markets out there. The decline in the dollar (not so much the decline but the rate of decline) is causing instabilities which are going to reverberate in the markets. There are going to be accelerated "forced" liquidations of what once looked like well balanced hedged positions in the "carry trade". I would not be surprised to see another LTCM, except that this time, no one will step to the plate with a rescue package. Zeev

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