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Technology Stocks : Veeco Instruments-Who?
VECO 28.56-1.9%3:59 PM EST

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To: Zeev Hed who wrote (1883)2/18/1999 10:03:00 PM
From: Carl R.  Read Replies (2) of 3069
 
After adding the last several days, I held my VECO today, and jumped into MU which has a similar chart to VECO, but also has an option expiration target of 65. I wouldn't touch RMBS with a 10-foot pole. The fundamentals are not good for them right now, in my opinion. I personally don't expect to see RMBS used in PCs this year. I missed the opportunity to short it, but I doubt it will rise enough to give me another chance.

I agree that 52 is a nice interim target for VECO. I think (hope) that with a new uptrend we could cover some ground fairly quickly.

Good luck,

Carl
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