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Technology Stocks : Cymer (CYMI)

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To: D.J.Smyth who wrote (7562)10/31/1997 3:38:00 PM
From: Don Edgerton  Read Replies (1) of 25960
 
Some thoughts on todyas action.

Today is last day Mutual Funds can sell to take gains or losses for year end dividends. Could be liquidation to offset ggians for those players who got in too late and have losses. Could get tax loss selling in November from individuals.

Poor technicals. Below 200 day. Needs to break 28. Really poor performance in a prretty good market.

Also Nikon's earnings came out and they weren't very good. Article on earnings discussed earlier problems vis a vis deliveries.

I wish CYMI would be more forthcoming in announcing orders, even if they don't tell who. MOT asnd the other telecom equipment stocks seem to announce ever contract and many of those announcements result in a good bounce albeit ususally temporary.

If CYMi doesn't get the stock juiced, employees relying on the stock options for part of their compensation may be lured away.
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