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Technology Stocks : Cymer (CYMI)
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To: Zeev Hed who wrote (24598)4/2/2000 8:47:00 AM
From: Berk   of 25960
 
Zeev: so far so good. What is really interesting is that relative to AMAT, CYMI has been (and still is ?) in a long bear market since January of 1997. Today's valuation is as low or lower than October of 1998. Certainly the funds will go to the large capitalization issues for liquidity reasons but it really shows how extreme that trend has become. It will be most interesting to see if CYMI can come out of that bear market without a bear market in stocks as a whole. History argues against it but this market has never ceased to amaze me. Hopefully it will again.
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