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: Donald B. Fuller who wrote (1684)	12/27/1998 12:04:00 AM
From: Zeev Hed	Read Replies (2) of 3069

Donald, I do not think it is a fake out, I believe it is the beginning of a good two years boom in the semi's, but I also think that the horses are running so fast that they have a good chance of stumbling a little. I do not know if it will happen (and my advice last Monday was selling above 54 or raising the stop to 46.5 or so.) The turnips still have an "all clear" unless the SOX drops below 318 (it was 310, but that stop got to rise with the rise in the moving average). I still think that VECO is one of the better positioned in the group (and disagree with Carl who prefers AMAT). Medium term ( to six months) if the stock does not breach 46 or so, I can see it attempt a run to about $65. It will be very richly priced there, IMHO, but not more richly priced then AMAT would be in the same time frame at its all time high just above $50. Zeev Season's greeting to you and yours, and all other threaders. Zeev

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