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Technology Stocks : Cymer (CYMI)

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To: fedhead who wrote (4429)10/2/1997 11:32:00 PM
From: brasilbound   of 25960
 
>>Actually it does pay to heed the market. I saw a similar disinclination to believe what the market was indicating in the
ASND thread a couple of months ago. This was after ASND had come
down to the high 40's from 80. People there were saying that ASND
could only go up from there due to its leading edge products
in an explosive market. ASND is now in the low 30's. The same
situation may not apply to CYMI but blindly disregarding market
action and concluding this is the bottom is fraught with peril.<<

Anindo,

I agree...somewhat. The only conclusion I gather from your comment is that when a company doesn't perform well (eg. loss of market share, loss in earnings, etc.) stock price suffers. Fine, ASND's stock price fell, but reasons are printed all over the place. CYMI's are mostly speculation, gossip and rumors. Solid numbers in the long run always wins. Not for the shorts, but for real investors.

-C.
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