An analyst, NYC, just like a reporter, has information dependent upon his sources (as you know, but maybe should be repeated). If he has sources which are biased, inaccurate, uninformed, etc., his/her information will be so slanted. Given the type and manner of questions presented to CYMI by the analysts at the last call-in show after CYMI idiotically cancelled at Needham, it is quite possible the analysts don't understand the DUV market. They understand numbers, but not many understand the semi industry. I went to graduate business school with several indivduals who became analysts. While extremely intelligent understanding finance and decision science, their understanding of specific industries was limited. (We were requested to analyze the airline industry - our analysis was dependent on the variables we were given. With DUV the variables have all changed, so they DON'T KNOW where or how to construct their variables for this market. THEY'RE LEARNING LIKE EVERYONE ELSE).
I don't know where the stock will go tomorrow. But even with the drop from $26.25 to $25 on Friday up to close the oscillation stated that the drop was balanced by more buys than sells. Such a drop without the benefit oF oscillation would make one believe it was otherwise (more sells than buys); but liars can figure but figures don't lie. I have to believe the figures until the oscillation states differently. The oscillation states that it bottomed on Friday. This can turn. But it was a very clear bottom, just as $28.5 was a clear bottom before the jump back to $39. These things can change but only change within certain levels of probability. |
