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Technology Stocks : Cymer (CYMI)
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To: Gary Pray who wrote (876)8/22/1997 8:40:00 PM
From: ftth   of 25960
 
Gary: NO DOUBT there is still strong upside potential. The million dollar question is what path does it take to get there and how long does it take. Some things to ponder:
1) CYMI's strength in recent negative (re:overall market) days is TRULY impressive.
2) The last 2 big moves have been very closely tied to ASMLF contracts (not a thing wrong with that!).
3) ASMLF has lost almost all its gains from the most recent Applied materials announcement.
4) Stocks seldom make such abrupt moves without giving back some before continuing.
5) GUARANTEED that CYMI will undergo SEVERAL periods of consolidation between now and the day it hits 200 (less than 16 months IMHO).
6) GUARANTEED that these consolidation regions will be fairly loose.

So, I guess the multiple choice answer is,
A) if you're a trader, take the $$$ and run (but don't run too far 'cause there isn't a much better place to put it after you see some consolidation).
b) If you're a semi-nervous buy-and-holder, move your stop up to just below a strong support level (i.e. a point where if it hits it, you know there's been a technical breakdown).
c) If you're a buy-and-ignorer, leave it alone and check back in Jan '99.
d) Sell it and buy ASMLF on Monday at the open, pick up about 6 or 8 there, sell it, then wait for CYMI to consolidate. That way you have some cushion in timing your re-entry point.
dh
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