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


To: All Mtn Ski who wrote (2550)11/14/1999 5:24:00 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 3069
 
Yes, I am looking forward to this coming week. It will be interesting to see if VECO can hold the top position. Forward looking, VECO is in better shape today than it ever was in the past.

VECO's previous all-time closing high was $69.00 made on 9/15/97. During January 99, the best close was $62.25. VECO still has quite a ways to go to reach those 2 numbers, 43 percent and 29 percent respectively. However, VECO is up 42 percent in the last 2 weeks and 52 percent in the last 3 weeks.

If the tech sector stays as hot as it has for the last 3 weeks, it may be pretty easy for VECO to set a new high in the next several weeks. More than most of the stocks in the semi-equip sector, VECO's fundamentals support this kind of move. Also, IMO VECO's management team is one of the best in the business.