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Technology Stocks : Cymer (CYMI)

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To: Robert DeHaven who wrote (11825)12/22/1997 10:26:00 PM
From: John Bloxom  Read Replies (1) of 25960
 
<<Historically: the period 12/23 through 12/30 is strong for the market in general.>>

True for the market in general. Generally not true for fallen angels, however. Just too much incentive to protect other gains from tax by selling losers. On the bright side, however, the smart tax sellers are already out. They sell in mid to late November so as to be clear of the wash rules on an early January rebuy. Those who are tax-selling now are pretty much amateurs. They won't be able to buy back before the bounce.

I agree that this is a fabulous company at a fabulous price. Although I think it may take a couple of quarters, I see the company really performing from here over the long term.

Happy holidays,

John
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