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Technology Stocks : Cymer (CYMI)

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To: orkrious who wrote (24149)2/1/2000 9:41:00 PM
From: WTSherman  Read Replies (1) of 25960
 
<What is it with these analysts? Their price targets are out to lunch and their EPS numbers are way too low. If someone were to follow these guys, they'd never make money.<

The way the market is now these guys have totally changed strategy. With prices and valuations so high they're afraid to step up and give high forward targets. So, instead they come up with these tepid things and just keep upping them as the stocks go through their targets.

It just seems like targets don't mean a thing anymore, the analysts are basically throwing the towel in and saying that prices are determined mostly by market direction and momentum, while only secondarily by the fundamentals.

What I like most about CYMI is that its got both momentum(recently!!) and fundamentals. In addition, there is clear visibility into their business over the next couple of years.
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