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Technology Stocks : Cymer (CYMI)
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To: Yakov Lurye who wrote (13832)1/31/1998 11:41:00 PM
From: Zeev Hed  Read Replies (1) of 25960
 
Yakov, the action on MU post earning was reversed, a sharp sell off to 22, and then a one day reversal. I posted on the Friday of the last earnings that MU should be bought on the opening the next Monday, furthermorem it never looked back until about 27 or so before it took a breathing. But who knows, you might be rigth and the storm for the semi equip. sector is over (MU and TXN sure seems to point that way). Agree with you that the buying would unlikely be from the company itself. Yet, it is relatively small when compared to the 9 or 10 MM shares traded on the decline from the 40's. I think that CYMI will follow the sector, and I am not yet bullish on the sector.

Zeev
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