Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Crossy who wrote (1842)	9/13/1997 11:56:00 AM
From: nycnpbbkr	of 25960

If you notice I don't say where the stock is going. I describe my past experiences and tell how my stomach feels. I have found the emotions of stock investing to be a reoccuring motif. Technical analysis is worthless. The stock is now trading on pure fear and greed. I have always found support and resistance very usefull. It was a place where people in the past were insighted to action, and there should be no reason not to believe this to happen at that place again. The new support would be the last resistance. The last resistance was pre-split 55 and 60. People were insighted to buy yesterday at 28 (56) we closed at 30+ (60). We are at support. The lower twenties represents the low 40 or nothing more than a number where you believe your puts will be profitable.

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