Jess, I agree with you that sometimes analysts are either completely ignorant or deliberately manipulative of selected securities. However, as a Cymi long and as much as I disliked some of the analysts' opinion and I want the stock to go back to $50, I also like to give some credits to the analysts. At least they generally have a good sense of direction. When they smell nervousness in the atmosphere, they downgrade and here goes the selling and the shorts; and at the same token, when they sense some excitement, they will issue an upgrade. This is how they attract attention and attract business.
I am afraid to say, the excitement with Cymer will not come back again easy, if it's going to come back at all, therefore, the stock price is going to have some hard work ahead to adjust with reality. It may take a long time for it to bottom out and then let the fundamental be in control (upside in my current belief).
Personally, I am happy to see what Cymi is doing here - bouncing back and forth in the $20 area with slight but much slowed downward trend. Unless there is substantial fundamental deterioration which would cause further sharp slide, I think we are headed for a nice, long, and round bottom. Good for long haul, though.
Regards,
Cymeed |
