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Technology Stocks : Cymer (CYMI)

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To: AJM who wrote (2837)9/23/1997 2:26:00 AM
From: Jess Beltz   of 25960
 
AJM,

I think this stock will need at least the next earnings report to show strength (exceeding or at least meeting the pre-downward revision expectations) and possibly another quarter's earnings to exceed expectations as well for the stock to resume an uninterupted upward trend. I think now that claims of $45-50 by Christmas (let alone $60)are out of the question. Don't get me wrong, I'm long 6,000 shares and used a ton of margin to do it, so I hope that this puppy flys like a Saturn 5. I just think that in order for that to happen, there have to be a lot of investors who really want this stock, and right now the stock has a reputation (deserved or not) of being very risky with respect to future prospects and very volatile. Both of those things will scare a lot of people who may like the stock away. I think that within say 4-5 months, we'll be back on the flight path, but it may take that long.

PS - I hope I'm wrong and the stock jumps $10 in the next 2 weeks.

PPS - I'm glad "Reno with Malice" isn't writing little "with love" notes.

Jess.
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