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

To: Justa Werkenstiff who wrote (1732)	1/23/1999 10:47:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 3069

Justa, the question is where do you plan to cover? We are barely 4 or five month in the beginning of a recovery for the sector, and while we might very well get a correction here, VECO has strong support around $55/share. On the other hand, within the next two years (the typical time horizons for the industry to once more get into troubles, particularly if the recovery is more robust then currently forecasted), this stock could get really "ahead of its fundamentals" to prices well above $100/share. That is typically what happen to this sector, in bad times they get discounted to peanuts and in good times they become overvalued like "internuts" (pun intended). Zeev