Cymer thread,
Is anyone able to predict, using TA or other means, when this stock might bottom?
Also, is there any reason to believe the rumors about problems with their lasers? CFMT shares recently fell from $40 to low $20s when (I think) the market anticipated fallout from a fire at UICC. The company claimed there would be no cancellations of orders, and I bought the stock thinking it a bargain. Finally, last week, right after I purchased, the company announced cancellations which would kill this quarter's earnings, and the stock lost another $5. Although this is probably a short term issue, my timing could have been better.
Cymer shares began falling on rumors and have been falling ever since. Althuogh press releases deny the problems, I'm afraid that if I buy, new press releases will finally confirm the rumors and drop the stock further.
I'd appreciate any help; I really want to buy this stock. If there are no surprises, I think the stock could double in the next year.
Thanks in advance.
Stu B. |
