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Technology Stocks : Cymer (CYMI)

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To: Sampat Saraf who wrote (24916)5/23/2000 11:48:00 PM
From: Zeev Hed  Read Replies (1) of 25960
 
Sampat, well, today we broke that support and how. It does not mean that we will not have rallies and some quite big one, but IMTO, it means that we will not see new highs in the sector until we get back to at least half of the current values (meaning, I can now see a low of $15 in CYMI by the time this massacre is over, and I no longer see the stock reaching even $50 before we reach that low. Sorry, it turned out I was too optimistic in assuming that we will see $85 on CYMI before year end (quite sometime ago), but considering that everyone was asking not if, but when we will see $100, I don;t feel that bad. (who is the keeper of that list anyhow?).

Zeev
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