Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (2351)	8/3/1999 6:06:00 PM
From: geoffrey Wren	Respond to of 3069

I'm out of VECO today. I decided to sell about 20% of my stock holdings to pay off my margin debt because I have misgivings about the market now, and VECO was a natural candidate because it is easy to sell and I had a largish chunk of it, and I had negligible overall profit in my position, and I'm beginning to think the disk drive business might just be in a secular decline anyway. Regarding the market, it seems like many investors are ready to jump up and leave as soon as there is a whiff of bad news, sort of like a Los Angeles baseball game, where everyone leaves in the 7th inning. The bad news is that Greenspan is going to raise interest rates. I don't think he should, but I think he will. The market is already digesting this. JMO. May get back in, depending how it all shakes out. Good luck to all.