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Technology Stocks : Cymer (CYMI)

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To: Mr. Aloha who wrote (9285)11/12/1997 5:27:00 PM
From: Richard Tuck  Read Replies (1) of 25960
 
All,

I am sure that we will have solid support at 0. To the best of my knowledge no stock has ever fallen below that support line. CYMI may change that though I will buy all the company's shares when it gets to that price.

Honestly, this price action is ridiculous. Why, if nothing is wrong, is this stock selling at a PE of 17 or so (forward looking)? Since I own ASND and SPCT, I am beginning to believe that where there's smoke there's fire. I just hope that this is sympathy movement with the semi-equipment industry, SE Asia fears, or general tech nausea.

Richard
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