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Technology Stocks : Cymer (CYMI)

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To: FJB who wrote (22383)7/4/1999 8:39:00 AM
From: Jerome  Read Replies (1) of 25960
 
When will CYMI break 30?. There are a few factors that will influence the price of CYMI this month. Being an options player I try to anticipate what could move a stock in the next month or two.

1) If INTC & Novellus report good earnings around the 12th of the month the group as a whole will move forward.

2) If other semi-equipment companies that report before CYMI beat estimates a run-up of CYMER's stock price before the earnings report report can be expected.

3) LRCX & the BTB come out come out the week of the 26th. LRCX is very likely to beat estimates and this will again influence the group.

4) Within the next few weeks some analysts will pontificate the matter and restate the obvious. The statement will be something like this:"While we feel that some companies in this sector are ahead of themselves on a price basis there are still good values to be found in this area, bla, bla, bla, bla,...CYMER is one of those companies"

My estimate for CYMER to break 30 is the week of the 26th.

A think that it was Goethe, the German poet that said, "to know something, and not to act on it, is not to know it."

This being the case my inclination is to buy more AUG.25 calls for CYMI.And a few 30's.

I don't mean to attack any poster of this thread. This being a long week-end someone has to stir this thread up. And its not a tough of a job as I thought.

Enjoy the 4th.

Jerome

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