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


To: Zeev Hed who wrote (1733)1/24/1999 7:06:00 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 3069
 
Zeev: I plan to cover when the market tells me it has run its course to the downside. If that happens before the red herring on the secondary, then so be it. The market is in an overall bullish trend but the valuation of VECO at this point in the cycle is frothy. I think VECO will break $55 line within the next few weeks. I agree with you on the fundamentals for the sector and consider this a short term beta trade and not an overall bet against the long term success of this company or the sector.