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Technology Stocks : Cymer (CYMI)
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To: Mark L. James who wrote (3596)9/26/1997 8:38:00 PM
From: D.J.Smyth   of 25960
 
check your charts Mark, $25 is support, next support is $22 if that breaks. it won't take much to send the stock up from here since oscillation still shows price of $34.25 and anything under is "oversold", however breaking the moving average will change these figures next week. nevertheless, support held today at this level. it would be unusual for analysts to say $30 price, then watching the stock drop to $25 not change their neutral to "buy" even if a short term execution order. If it falls to $22, you can be quite certain the recommendations would change back to "buy". As far as Sonny's conjecture of the stock falling to $16 is just nonsense. Although, after the last two days people begin to snort that anything is possible. Anything is also possible for the upside. The good news is evaded sometimes when the bad is all people think about and vice versa. any conjecture is difficult right now until CYMI/suppliers reiterate "no news" theory
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