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Technology Stocks : Cymer (CYMI)

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To: Nevin S. who wrote (13897)2/2/1998 2:22:00 PM
From: Elroy Jetson  Read Replies (2) of 25960
 
Cymer is finally trading in line with other semi-con equiptment stocks, such as Applied Materials. Up slightly more percentage wise than Applied in today's up market as you would expect comparing a small and large firm. Cymer's agressive kick in the teeth to Shorts have fixed its problems. Cymer is no longer a broken stock.

I would presume it's redundant for me to point this out, but your posts seem to have missed this basic fact. Yes, the semi-equip recovery might be delayed, but this is a problem for all stocks in the sector. It's not Cymer specific.

Basically there's not much more than 25% potential downside in this group and easily greater than 100% upside. It's time to invest now. Hold some cash in reserve for buying opportunities like I do, but invest now.

After buying Cymer only to blow it out quickly several times, I now have a net profit on all Cymer trades, and we're still not back up to 19 1/8 where I last sold it. Things look good from here.
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