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Technology Stocks : Cymer (CYMI)
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To: ScotMcI who wrote (22491)7/12/1999 5:14:00 PM
From: orkrious  Read Replies (1) of 25960
 
Scot, I believe the 52 week closing high is 29 3/8, so we didn't quite make it. We did set an interday high today.

Regardless, we were up big on a day that most of the semi equips were even at best. Accumulation is going on big time. Although I will not be surprised for it to take a couple of attempts to close above 30, as the momentum boys jump on, we should quickly get to 40x Jay Deanna's Y2K estimate of $1.25. Further, these estimates will be subject to numerous upside revisions in coming months, and as the growth prospects become more certain (it is already certain to all of us), we should get a 50x multiple.

Jay
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