COMPETITION MAY BE COMING TO $VECO (VEECO INSTRUMENTS)
VECO has lately been a favorite of the momentum players. Fundamental have justified the momentum as the company’s solutions for manufacturing High Brightness Light Emitting Diodes have seen an insatiable appetite.
Our research shows that the demand will continue unabated in the near future, but more competition is on the horizon. There are indications that AMAT ( Applied Materials ) may introduce new solutions for the market as soon as tomorrow.
VECO is on our watch list to short as the competitive landscape is likely to change and the market has not factored in the change.
We suggest start scaling in either on up spikes or on a break of $42.6.… Please click here or the title below to read more.
March 29, 2010