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Technology Stocks : Cymer (CYMI)
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To: Duane L. Olson who wrote (22214)6/11/1999 7:47:00 AM
From: Ian@SI  Read Replies (2) of 25960
 
Duane,

I have few to no TA skills.

My target is well in excess of 30.

It will get there based on the speed at which fabs go to 0.18µ and smaller feature sizes, as well as the demand for 300 mm scanners.

... or at least the market's perception of those things.

From a market psychology perspective, I suspect that those who 10 days ago were dying to sell at their break even price are now counted amongst the strong hands and will likely hold.

Until there's credible disappointing news, any resistance is likely to be much weaker than expected while any support is likely to be much stronger than expected. [Please re-read the first line of this message.]

Ian.
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