Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 29.11

-0.4%

3:59 PM EST

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To: Zeev Hed who wrote (1931)	3/1/1999 9:52:00 PM
From: Carl R.	Read Replies (1) of 3069

My current scenario if for the next two days to be mixed, with a turn down after Wednesday. I don't see much risk of a major meltdown right now due to end of month buying, and we may even see some form of weak rally. As for the semis, unless the computer stocks show strength, I think the semis and semi equipment stocks can't recover too far. I missed the VECO rally today except with my existing position (I bailed out of most of my holdings at 44), but did catch some AMAT at 55, and both my MU and CPQ shorts fared well. I would like to point out that after the close, yet another computer maker warning of weak sales this quarter (MUEI). They are a minor player, and it may not affect the market, but it can't help. On the other hand I don't expect a repeat of what happened after CPQ warned. I do note that GLOBEX is up quite a bit right now. Carl

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