hello,
i bought cymi before the record breaking earnings 2 quarter ago, but the stock tanked down to 14 because of the asia crisis and despite knowing that eventually people would be flocking to buy cymer lasers to upgrade their fabs. nothing has changed except now management admits to lower revenues next quarter.
my point is that i think i will be able to buy cymi at a lower price than todays and i still hold a lot from a few months ago. everyone here is making same arguments as last time as to why stock should not move any lower, but it did anyway. i made mistake by averaging down knowing that the semi market was still unstable and hoping that cymi would not act the same because it was different.
i think vlsi already came out with earnings warning, and others will probably follow, so all semi stocks will drop in unison even if they have the great potential of cymi.
what is the support level for cymi, around 19?
anyway, i guess i'm being greedy by hoping that the shares will get cheaper so i can buy more of them...ggg
please no flames, i'm long cymi, just stating my thoughts, what is everyones opinion of short term downside for cymi?
samir
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