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: space cadet who wrote (1400)	8/19/1998 10:56:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 3069

space cadets, since I play only within my SEP account, shorting and puts buying is outside of my purview. I also do not have the psychological "make up" of a short, being by nature a bull. When I see declining markets coming, I either write covered calls on existing positions (I just reset my MRK covered call, the October deep in the money, 115, not much premium, but that is life) that I want to keep, or simply withdraw to the sideline. Zeev

To: space cadet who wrote (1400)	8/20/1998 4:24:00 AM
From: Carl R.	Respond to of 3069

space cadet, VECO may indeed fall with the market, but my guess is that stocks that actually have declining sales will be safer shorts as they are likely to fall further. VECO is projecting slow quarter to quarter growth, which is dramatically better than the projections for companies like AMAT. Many of the equipment companies may be under real pressure to show a profit, and I'd have to guess that they would make better shorts. Of course if you are projecting a slowdown in the rate of conversion to GMR, it would make sense to short VECO, because GMR equipment sales are currently supporting VECO. Carl