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

To: Zeev Hed who wrote (2157)	6/3/1999 10:15:00 AM
From: Carl R.	Read Replies (1) \| Respond to of 3069

Yes, I did buy KLAC on the dip, and now another rally. I'm confused and dizzy... I may take a little time off to get my bearings. Carl

To: Zeev Hed who wrote (2157)	6/4/1999 11:35:00 AM
From: Carl R.	Read Replies (1) \| Respond to of 3069

Well Zeev, I am back on the side of your rally into next week. I gave up a point on VECO, but I'm back in. I'm also playing a novel little company PVAT that reminds me of a lesson that I learned from another ghost from the past, NETVA. Unlike NETVA, they have substantial growth and history of earnings, but are trading at a trailing PE of 7. Why? Because they have a warrant call due on June 8 at 2. With 13 million shares out, and 5.5 million warrants, the price is being sucked down to 2 like a big vacuum. The warrants are trading at a negative premium, demonstrating the downwards force. After Tuesday I expect a substantial pop to 3-4, just as NETVA popped up a couple points immediately after the warrant call. (Actually they popped the day of the warrant call). Carl