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

To: Carl R. who wrote (2466)	10/7/1999 12:41:00 PM
From: Mark Ivan	Read Replies (1) \| Respond to of 3069

Carl, Strong is too "strong" a word to use for today's action. (BG) I am not too concerned with VECO here. The support seems good and I rather have a slow, steady rise into next week, as I am short a number of call contracts. Better to let them expire and then rise. I really thought we had broken the downtrend this past month, hitting $36 and all. Look's like it's still not ready to move. We will most likely have to contend with tax selling on this issue, so some lower prices may be had. You have to wonder how the price got so high during that secondary stock offering. What was so good then and so bad now. I'd think manipulation, but VECO pretty much followed SEG thru the year. techstocks.com At any rate, I pretty much just sell CC's on VECO, so hanging at a certain price is still profitable for me. The volatility number does hurt though, which lowers the premiums I get. Guess I better get back into RMBS CC's. Nice, nice premiums there (for obvious reasons) Whats going on with AXC? That's been a nice little volatile play for me. I think I just picked some up at 2 9/16's. I need to check. Mark