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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Thompson who wrote (6769)	10/25/2000 1:51:43 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Could very well be, but it is part of todays correction in the FO (which VECO is a supplier to), if the SOX and the optics find a bottom here, which I expect they will, then VECO could very well find itself again in the $90, IMTO. It looks like that intinct to jump back into SCMR at a minimum discount was OK, printing $69, are we turning? If we close above the October low of $68-3/4 I'll have to consider this trip down a "head fake". In the meanwhile, I took that $69 and now am waiting to see if it goes under $67 or not, a nice up channel forming here. Zeev