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Technology Stocks : Cymer (CYMI)

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To: Candle stick who wrote (10024)11/18/1997 3:36:00 PM
From: Yakov Lurye  Read Replies (3) of 25960
 
Situation now looks similar to what happened in spring: once CYMI bounced off lower Bollinger (this time around 17), it ran up to the moving average (now around 22.5), drifted down from there, and after consolidation proceeded up all the way to upper Bollinger.

Today's action was to be expected - before moving up, CYMI must close the 20.75-22.25 gap. Based on my TA, I'd sold all CYMI shares bought on margin in the morning (got $22.25). Now I'd got optimistic again (maybe prematurely)and bought back in at 21. Hopefully, on Friday AMAT will tell everybody that business is OK, and Akins will do well in NY.

Happy investing, everybody

Yakov.
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