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 (2823)	5/11/2000 7:44:00 AM
From: Mark Ivan	Respond to of 3069

Yes Zeev, you probably right. But for a stock that hit 122 not long ago, a bid under $40 seems reasonable for a "toe wetting" position. The breakout was from the $50 level, so I am not sure how the shorts will support this level. The short interest is now at 600K or so, which may not mean much if someone is dumping 3MM shares. But unless you think we peaked in the semi equip cycle, VECO is probably a good buy in the $30-40 dollar range. Implied volatility is back up over 100, so it is an ideal candidate for CC writing (if that is your thing) Mark