CYPRESS Semiconductor (CY) Message Board

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Technology Stocks : CYPRESS Semiconductor (CY)

CY 23.82

0.0%

Apr 16 5:00 PM EST

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To: John Ritter who wrote (1641)	12/16/1997 8:36:00 PM
From: steve host	Read Replies (2) of 2694

It sold so cheap yesterday and continues to sell so cheap compared to its historic norm due to the coming together of tax loss selling which hurts stocks that are already down more than any others, combined with the Korean fiasco which caused investors to dump all semis as well as institutions trying to correct their portfolios before the quarter ends so that they dont show such a big loser on their portfolio and finally the press release about the poor upcoming quarter which is now old news - in fact all but the tax loss selling is behind us - this may continue to limit the upside to the 10 area, but after the the 1st watch out for a nice move based on repurchases both by tax loss sellers as well as institutions looking to get in on the 20 -30% move which could happen fairly quick after Jan 1. Im a buyer right on up to 10

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