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Technology Stocks : Cymer (CYMI)

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To: Curlton Latts who wrote (15405)3/4/1998 9:39:00 PM
From: Czechsinthemail  Read Replies (1) of 25960
 
Curly,
I hope CYMI doesn't try to buy the stock at this level. Better to let it drop some and then sell puts at low strike prices--maybe 15's. I'm hoping for(though not expecting)some pullback on the Intel news to buy more. Because it's a long-term purchase for me, getting the chance to buy more at low prices is good news, particularly given the strengthening news picture for CYMI recently.
The Intel news itself seems like a mixed picture for CYMI. While Intel's announced 10% revenue reduction will probably weigh heavily on tech stocks tomorrow morning, I'm told they also announced a 3% increase in their capital budget -- some of which will probably find its way to CYMI.

good luck,
Baird
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