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Technology Stocks : Cymer (CYMI)

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To: Dakota Sullivan who wrote (11688)	12/18/1997 8:21:00 PM
From: Mr. Aloha	Read Replies (1) of 25960

Interesting isn't it... Here's something about trading stocks... This is from Worden Brothers today.. Trading is always a struggle. To begin with you can never be sure you're right. You must accept the risk of losing money on the next trade. You must not only analyze each venture to best of your ability, but you must also be able to act. It does no good to be right if you are afraid to put your money on the table. And it does no good to put your money on the table if you aren't confident that you will be right often enough to come out ahead. What does a great deal of harm is rewarding yourself psychologically for being right, but not acting. Impressing your friends with your "almosts" may feel good, but it becomes habit forming. For example, we saw MMM developing into a short sale (on a weekly chart) but we didn't act on it in any way. We didn't mention it in Tips & Hints. We had seen some recent whipsaws in blue chips and we chickened out. The day before it collapsed it broke to the upside and we congratulated ourselves for staying clear. Then it collapsed, and the temptation was great to tell somebody how "almost right" we were. Fact is, only action pays off. Maybe we were right to let that go by. Doesn't matter. Isn't that the truth. Looks like ASMLF and AMAT are trying to stay even now or close to it. AMAT was strong all day concidering where the market went. SVGI is like CYMER, it doesn't get respect and the low volume affects the price - oh well... Aloha

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