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Technology Stocks : Cymer (CYMI)

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To: Joey the MD who wrote (11788)12/21/1997 9:36:00 PM
From: ItsAllCyclical  Read Replies (1) of 25960
 
Regarding nothing has changed but the price...

Very true, but CYMER at 45 was overvalued, however cymer at 16 1/2 seems undervalued. Cymer became a momentum stock and eventually got punished. I'm currently long though. With the street's concensus on Cymer so negative any good new will send the stock into the mid 20's again with all the short covering going on. I'm planning on holding at least until another rally in the mid 20's at which point I will re-evaluate. The next three weeks will be very telling. Any tax selling should be over very soon.

Jim
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