To all:
Back in August with the stock price approaching 50 (post-split), many investors had profits, and GREED was the pervasive psychology.
For the past month or so, Cymer has been in a bear market. The "SURPRISE" factor was at it's shocking best when Cymer pulled out of the Needham Conference, and the effect on the stock price was devastating! The conference pull out came out of left field.
The surprise factor was still very effective when Morgan Stanley and Montgomery changed their opinions on Cymer. The stock was beaten up further.
With the stock now under 30, FEAR is the pervasive psychology. Everybody, whether they admit it or not in public, is worried. If you need an objective measure of this concern, just look at the number at the top of this SI post! Over 5,700 and rising! Everybody is now entertaining the possibility of bad news, especially those that have sold the stock on the way down.
If we get a negative surprise on Thursday, it will be one of the BEST ADVERTISED SURPRISES in the history of stock investing!
In my opinion, we've already seen the worst of the selling.
In the absence of any cataclysmic news, I will continue to invest in the future of Cymer. If Cymer misses the number by a penny or two, I will be a buyer at the 25ish level, because this is where the bids have come in before.
Good luck to all of us,
GM
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