Cymer (CYMI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LzzrdKing who wrote (7714)	11/1/1997 10:43:00 PM
From: Elroy Jetson	of 25960

Although Stops provide a strong incentive for a Market Maker to "accomodate your price" by spiking the price down, I believe every investor should at least have mental stops. Of course you have to take into account the normal volitility off each stock, but it does pay off. I got Stop-Lossed out of ALL of my Tech stocks on Thursday and the remaining 20% of my portfolio on Friday, (as I previously posted on this string). Although this left me doubting the concept of Stop/Losses, it saved my capital from major losses on Friday and Monday. I didn't have the nerve to buy back until the DOW was up 15 on Tuesday, but it still placed me far ahead of the previous Wednesday. As I've mentioned, Cymer was the only stock purchased on Tuesday which did not rebound, so I sold at 24 3/8 at a 1 3/8 point loss when the stock dropped to my mental Stop Loss. I'm all for long term investing, but as Lord Maynard Keynes said in the 30's, "In the Long Run we're all dead." I'll try buying Cymer again soon. I think the company's position is similar to that of Qualcomm - a total monopoly on a dominant technology.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next