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Technology Stocks : Cymer (CYMI)
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To: Mr. Aloha who wrote (14857)2/21/1998 1:42:00 AM
From: Yakov Lurye  Read Replies (1) of 25960
 
Re: <Micron slipped today and that's my key indicator for the rest of the companies like Cymer and AMAT.>

Thanks for an interesting (and not immediately obvious) observation, I am going to check it out in more detail.

I guess, both MU and equipment makers had risen on expectations of improving economic conditions later in the year; to this extent, there is considerable similarity.

On the other hand, MU and equipment makers appear to be on the opposite sides when it comes to equipment sales to SEA -MU wants Koreans to go bankrupt, equipment makers want them to get financing. This should eventually lead to a divergence in price trends.

Meanwhile, MU seems to be weakening...

Regards,

Y.
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