Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Steven Angelil who wrote (9472)	11/13/1997 7:55:00 PM
From: Candle stick	Read Replies (2) of 25960

Steven, I would expect that 17 1/2 would hold as the low on a retest. You may even see it right away tomorrow early in the day. Then I would expect to see a close higher than todays close to end the week. Also, continued higher volume would be a good sign. Since the market has been so negative for so long and since CYMI management is going to be in NYC next week speaking with brokerage houses(I read that here. Can anyone confirm it?) its quite possible that you dont get another chance to buy below 20 after this week. Given the percentage drop over the last 3 months (49 1/4 to 16 1/2 = 66 1/2%) I expect to see a very fast and furious bounce to at least to 25-26 dollars before any pullback. At that time I will reevaluate the next phase. Also if you follow stochastics or momentum indicators, CYMI is about as oversold as I have ever seen any stock. Best of luck to you.........;^)

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