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Technology Stocks : Veeco Instruments-Who? -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2228)	7/3/1999 8:50:00 PM
From: Jerome	Read Replies (2) \| Respond to of 3069

Step aside for the summer doldrums? I think its summer now and the tech market is heating up with the weather. Whey step aside? A good option strategy if you think VECO has peaked around 40 is to write a covered call against it. I plan to buy more VECO on Tuesday (hopefully around 34-35), wait till it moves to the 39-40 range and write a August 40 call for about 4. This should net out about an 20% return, after all commissions. According to the last earnings report backlog was 65 million, about a 1:1:4 book to bill. Analysts worry about softness in the DD sector, but then again they always have to have something to worry about. Last month on the AMAT thread, technicians were concerned about falling DRAM prices and their effect on the semi group. Well if DRAM prices went to ZERO many of these companies will do just fine. Have a good week-end, Jerome