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Pastimes : Ask Mohan about the Market
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To: Carl R. who wrote (17466)12/17/1998 8:49:00 AM
From: Zeev Hed  Read Replies (1) of 18056
 
Carl, I see this differently, we are going into seasonal strength here and the Dow has corrected more then 5%. It has bounced nicely from 8650. The internal breadth stink, but not to high heavens. To me it means another rally (year end?) is being prepped, and stock that have not broken down on the last decline are going to attract investment money, while those that did break will simply bounce weakly. I think that VECO is once more a buy all the way to about 44, and expect to see it around 54 to 56 before the end of January. Bets are off, IMHO if $43.5 is violated, then I have a target first in the mid 30' and then who knows. On pure fundamental principles VECO is quite fairly valued here, if not even overvalued.

Zeev
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