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Technology Stocks : Cymer (CYMI)
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To: craig crawford who wrote (12071)12/29/1997 6:14:00 PM
From: John Bloxom  Read Replies (1) of 25960
 
The stock actually performed pretty well today, IMO. The selling pressures were horrific, the institutional players can't buy until January, and still the price held up pretty nicely.

I am greatly encouraged by the pessimism here.

Remember that the classic model of human forecasting is the simple extrapolation of the current trend line. Then remember that the history of human behavior is nothing if not doggedly cyclical. This is why a calm is said to precede the storm, and why it is said that things always seem to turn around right when they can't get any worse.

Regards,

John
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