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Technology Stocks : Cymer (CYMI)
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To: MRothaus1 who wrote (10777)12/1/1997 10:35:00 AM
From: Zeev Hed  Read Replies (2) of 25960
 
Mike I am talking about the Semi-caps BTB ratio (but I would not be surprised if the chip's ratio goes under 1 as well). My reasons is that rationality usually prevails in the long term. We have already seen declines from the peak and cancelations and push out are going to accelerate, IMHO, as we go through the first quarter next year. The market is roaring today, but the SOX is essentially flat on its back. If the market turns down later this week, the SOX, IMHO, will lead that decline.

Zeev
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