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

To: Mark Ivan who wrote (2372)	8/11/1999 5:47:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 3069

Mark, no, this bounce was part of the short term scenario (after the tick dipped yesterday to -1400 or so). But frankly, the bounce just manages to "correct" some oversold situation we had and prepares the market for a nasty fall. This morning before the open someone asked what to do with Aug RMBS call he had, and I said sell between $87 and $88 on the morning bounce, it did go much higher, to 89.75, but guess what, it ended down on the day. Many other like that including our own little darling VECO, which added a paltry 1/8. I had some NVLS from the swoon down last week and was happy to give it away at $65. This is a sucker rally, IMHO. Zeev