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

To: Alan Hume who wrote (1406)	8/20/1998 4:46:00 PM
From: epicure	Respond to of 3069

The fundamentals do not need to change, only the perception in the market. I am neither a bull or a bear, I just want to make money. As of yesterday, when I got a sell signal, I bought puts on VECO. So far it seems to have been the right decision. Of course if the charts tell me its a buy again I'll be more than happy to buy.

To: Alan Hume who wrote (1406)	8/20/1998 7:16:00 PM
From: Scott Maxwell	Respond to of 3069

OT Just playing Devil's Advocate here, but "low inflation" appears to be tipping toward "deflation," low commodity prices are trashing economies from the agricultural Midwest to South America, Australia, and Canada, and several wobbly banking systems may collapse under the strain. This world picture is not well factored into most economic models (no similar period is included in their normalizations) , so anyone who claims to be able to predict what will happen to US company profits over the next year is lying. Analysts' profit estimates coming down fast, normally meaning they will continue to fall. Do you think a year of no or negative profit growth is going to lead to a flat US market? Isn't that being a bit optimistic? Aren't current PEs based on continuing high profit growth? What happens if capital spending declines 30% due to eroding margins? I'm very happy with Veeco's outlook, but the Dow could well fall to 7000 under more pessimistic economic scenarios, and it would be a Good Thing. Even (gasp) DELL could be hurt. <g> Back to your regularly scheduled VECO discussion....

To: Alan Hume who wrote (1406)	8/20/1998 10:37:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 3069

Alan, welcome to our modest abode. Your comment "There are absolutely no reasons for the DOW to touch 7000 in the short term as space wimp is advocating. Inflation is at a post war low, industrial growth is strong, despite the strong dollar, unemployment is at a relative zero, and and and." is the reason that space cadet might actually be right. Ask yourself a very simple question, can it get much better? If your answer is that there is not much room for better performance of the economy, it might mean that from here it is down hill, and since our sector is already the weakest, it might become much weaker before things improved. Zeev Last, on this thread, we avoid calling people names and use derogatory language.