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Technology Stocks : Cymer (CYMI)
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To: Im-patient who wrote (12265)1/3/1998 9:58:00 AM
From: Zeev Hed  Read Replies (2) of 25960
 
Fred: It is very difficult to judge a move on volumes that are half the normal volume. Friday action of the market was excellent with a very strong outgoing tick. Short term such stron ticks indicate reversal (down), but when you get few days in a row of such strong ticks it means a bottom has been put in place. Right now, I think this move can carry to the 19 range, but if MU breaks strongly above 28 and closes there on Monday, I'll have to change my stance on the semi, and the semi equipment sector a little latter. This is in diametric oppostion of my current thinking and I will wait until the middle of the week to before I flip to the bull side again. If that happens, I think that CYMI could double within two months. If it does not happen and my original scenario continues (namely down by the end of next week) I doubt that 19 will be taken out and my target of 13-14 for CYMI (and MU) will, IMHO, happen by late February early March.

Zeev
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