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

To: Donald B. Fuller who wrote (1703)	1/7/1999 11:11:00 PM
From: Zeev Hed	Respond to of 3069

Donald, I like long runs as well, but I hate more seeing a position getting halved (or cut in three) then seeing it double after I sold. I still remember that lesson from the heady days of Iomega. I bought around 6 (split adjusted, and sold covered options when the stock was $21, I felt that more than a triple is fine. Well, it was taken away, of course, and run all the way to an incredible 55 if memory serves. That really p****d me off. But then it collapsed and even now it is still less then 1/2 my selling price (and showing very good signs, so yesterday, I actually got back into IOM after almost three years of absence). So, when offered I take those profits. Particularly when I think the stock is overvalued (which i thought IOMEGA was then <VBG>, but I do not think VECO is now). Zeev

To: Donald B. Fuller who wrote (1703)	1/7/1999 11:37:00 PM
From: advinfo	Read Replies (1) \| Respond to of 3069

No offense, but are you saying you didn't sell VECO when it hit the 70's during the last boom, and rode those same shares all the way down to the high teens? My philosophy is that these volatile tech stocks are to be rented, not owned.