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


To: Zeev Hed who wrote (1909)2/25/1999 9:00:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 3069
 
Zeev: Re: "I like VECO very much as a company, but right now, it is very dangerous, IMHO."

Like I said before, the proper position on VECO was to be short and the secondary was a good enough reason. ML did the secondary and piled a whole mess of retail investors in this stock. Retail investors seem to panic first in this sector and the clueless ones are bailing VECO. This is going to take some time to work through by itself not to mention macro market considerations.