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Technology Stocks : Cymer (CYMI)
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To: WaveSeeker who wrote (9139)11/12/1997 7:46:00 PM
From: WaveSeeker  Read Replies (2) of 25960
 
It doesn't happen often, but today I have the same feeling about CYMI that I had about AMAT in the summer of 1996. AMAT had fallen into the mid-20's, stabilized a few months, then proceeded to break 100 on the upside over the next year.

Think of it as "reverse fear". It's the possibility that one will not be able to get a bargain basement price and that it will be bid up tomorrow morning. I'm not saying that it will happen, but I hope that Cymer longs should know that many traders are waiting to pounce on this stock. Lots of small sales today - unfortunately a final spate of margin selling.

- Mark
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