Dale, I humbly suggest you keep most of your core position intact and trade a little "extra" on the side. I promise you there will be one time you think you've got a temporary top, you get out, and the stock keeps going.
CYMI has had exceptional relative strength lately, we've quickly snapped back whenever we've had a small selloff, fabs are capacity constrained, 300mm pilot lines are in sight, etc. This rocket ship could leave the launching pad any time.
The truth is that Curly is right. This stock is undervalued right now. We should be selling for 50x Jay Deanna's $1.25 Y2K estimate. As I've said before, if you extrapolate Akins' Y2K market size projections to earnings, CYMI should earn over $2 next year. Who knows when these estimates will get increased. At some point, we're going much higher, and quickly.
Jay |
