Aside from weaker demand reports from Taiwan and some other parts of Asia, and aside from its association with CREE, WHY is Veco in a freefall??? It's got a very large distribution base and its financials and growth are solid-- so WHAT"S GOING ON???
Are we going to test $40???!!! Ugh. I like this stock and was hoping it would meet resistance at $45ish and inch its way back up to the low 50's.
On the 30th of June some stupid turd anal said that the Capex spending for this year was cut from 7 percent to 4 percent but next years cut is not that bad cut from 12 to 7 percent, they were expecting a bigger cut, so he sees the semi eqpt makers going down for the next 3-4 monthsor so before they recover. goodluck