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Technology Stocks : Cymer (CYMI)

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To: TideGlider who wrote (8611)11/7/1997 7:39:00 AM
From: Jess Beltz   of 25960
 
All of the downward focus of wall street will be on Japan. The blurb released about the Bank of Yokahama beginning to unload ALL of its equities is a direct barometer provided by a local opinion of the trend in Japanese business and the Japanese Stock Market. Unfortunately and obviously, it doesn't bode well for Japan, and the focus may stay on Japan for a while.

Lizzie obviously has more trading experience than I do, but I no longer fear big drops in Cymer. It may be a while before investors step up to the plate with Cymi because of perceptions about the risk of the stock, and because so many tech bargains are on display for the moment, but there's too much good news about both the company and the industry for the rumors to keep their influence. Low volatiltiy and the sledgehammer earnings will do it, and it won't take more thna about one more quarter's worth to do the trick. The ride back up will make the wait worth it. For the record, I do wish the shorts a quick and violent death.

jess.
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