>>>appreciate your help.... need advice as how to play cymer .. with only 5,000... to invest.. any suggestins would be appreciated<<<
Z, I''m not sure whether you mean $5,000. If this is the case, I think it is clear what you should do to balance risk to reward. Buy 150 shares at these cheap prices and sit on them until CYMI reaches near its high before the sell-off. Then decide whether the fundamental outlook has changed for the company. I would hold at least through to mid-1998. Next year is predicted by the semiconductor experts and analysts to be the rush towards re-tooling for the new 0.25 micron chip generation. CYMI will likely grow the fastest within the next 12 months. It is very likely the stock will split again within that time, and I believe you will at least double your money...probably more than double, but let''s be conservative. It is my belief that no one should attempt to day or position trade unless they have learned the skills necessary, applied them in practice, gained experience, and are using capital that won''t be needed to pay the rent/mortgage or credit card bills for the next 2 years. I have no idea what your unique situation is, nor your experience, so I don''t mean to insult your intelligence by stating the obvious. It is always good to remember that perhaps 9 out of 10 people who attempt day trading fail and get washed out of the markets. Position trading has its own risks. I think you should hold for the next 12 months. By the way, I personally prefer to only trade stocks in which I also have a long position in because of the familiarity.
If I misinterpreted your position...please let me know.
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