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 (1713)	1/9/1999 10:55:00 PM
From: Carl R.	Read Replies (2) of 3069

Don, I always encourage anyone who writes to me for investment advice to invest as you do - for the long term, and not as I do. History teaches that almost everyone who trades frequently fares very poorly, and a significant portion lose money. When I started trading frequently I did so with this in mind, sort of as a test to see if I could in fact make enough to pay the commissions. So far I have done pretty well (and so has my broker) but a look at this stock is instructive. I originally bought 1400 shares at $10. If I still held them I would have made a profit of $66k. Actually I have done a bit better than that, but I have also generated tax liability, so I am probably even. Had I not traded very well most of the time, I'd be way behind. So don't mind me, and stick with the long term plan. The day is coming when this stock will be over $100. Good luck, Carl

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