Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: mike who wrote (8586)	11/7/1997 12:57:00 AM
From: Jess Beltz	Read Replies (2) of 25960

Wall Street may open down, but won't stay there based on the news out of Hong Kong (i don't know about the 4% slide in the Nikeii.) the big losses here have been in the property index and the financials (because of their exposure to the commercial property market.) everyone here has seen this coming: my futures traders have advised against any long positions since the crash two weeks ago, although i made a little on one long play on a wall street rebound. i think wall street is now much less concerned about how the Hong Kong property market can actually affect companies or the economy in the US. for Cymer longs, if intel posts good numbers tomorrow, it will give a factual affirmation to the proposition that the day is dawning on a new 2-3 year bull run in the semi industry. Good news out of intel will blow away any morning bullshit from Hong Kong. I think that other than the shareholders who have lost some value here today, even Hong Kong is not that worried about what's happened here. I get no sense of panic right now. the situation in japan may be more troubling, but i don't know about that. any thoughts, THC? jess.

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