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Technology Stocks : Cymer (CYMI)

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To: BlueCrab who wrote (7995)11/3/1997 5:55:00 PM
From: rsc  Read Replies (3) of 25960
 
Forget that the DOW went up 232 points: on a percentage basis it only went up 3.12%. The Nasdaq only went up 2.82%.

CYMER BEAT THE AVERAGES. IS THAT CAPITULATION?

Certainly I'd be thrilled if Cymer did better in a pure dollar amount today. But when I look at some of my other stocks, what do I see.

IBM + 3 1/8, 3.17% Better raw number than CYMI by a factor <3, worse performance on a percentage basis.

WCOM +1 1/8, 3.35%. Ditto.

MCIC ditto, KLIC ditto.

We have to stop living in the past. CYMI is now a 23 3/4 stock; Cymer is a maker of DUV bulbs <LOL> with solid fundamentals. We know of no substantial problems related to Cymer's business; we are all painfully aware of a host of problem related to CYMI's treatment in the market.

We've lost money and want to recover our lossess quickly. We will recover our losses, albeit not too quickly. Thus my humble advice. Anybody who is looking to make a quick buck (or lots of bucks) through momentum day-trading and position trading should sell their CYMI for a loss and go where the money is moving fast and furious. Anybody who believes in Cymer's story and fundamentals, hang on. When the stock is at 100, you'll be frustrated when it goes up only 3 1/8.

rsc
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