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Technology Stocks : Cymer (CYMI)

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To: FJB who wrote (13576)1/30/1998 2:05:00 AM
From: Jess Beltz  Read Replies (1) of 25960
 
To All: Interesting times tomorrow. Maybe sparks will fly
But I doubt it.
The slowdown has been forseen
The repurchase bodes well for future EPS
The Market is beginning to realize it has overreacted to the Asian crisis in the semiconductor field.
Are we having fun yet?????

Here's what I see.....
We all knew this was a long-term play after the Asian Market Meltdown
There will be one more serious Asian ill-wind as the crisis in Indonesia forces the necessary reforms in Japan (that's right.)
The stock will waffle for the next quarter, but there will be no further serious slide. Those with big short positions now know that for sure, there is at least one player with deep pockets interested in accumulating the stock, ie the company itself. That will cause them to squeeze their triggers a little tighter. When the pop comes, it will be nice indeed. I just hope it doesn't come until I can gather serious funds to put into it. It will remain my number one position from now until it hits the $50 range. For those of us who lost a bundle on Cymer, and there are MANY, we simply believed hype we shouldn't have and jumped in way too soon with way too much, some of us in fact with money that wasn't even ours. Sit tight, there's still a fortune to be made here.

jess.
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