Curly and all,
I apologize to you and the thread for my provocative, unwarranted, and perhaps uneccesary remarks. Obviously I've been misled by others before due to my own naivete. Currently it seems to me that stocks have become a national obsession or even mania and the fear and greed being exhibited on a mass scale can display some of the more ugly characteristics of crowd psychology, peer pressure, deception and twisting of the facts.
I agree that Cymer has critical technology and solid fundamentals. Even during a time of overcapacity in the chip market and a broader declining trend in chip and hardware stocks, Cymers technology will be implemented and the company will thrive. But can the stock maintain support during a possible if not probable downtrend in the broader chip and hardware sectors? If it does not hold support we may all get a better buying opportunity, okay. During the past month and half many chip and chip equipment stocks have increased in value from %30-%70 off their recent lows including Cymer. But the short squeeze on Cymer never happened. If it didn't happen during the recent strong uptrend, it is less likely to happen during a downtrend. I know I'm implying that there is a continuing downtrend and many do not agree with that assessment. What if Cymer reports a surprise to the upside in its next earnings report but semiland is in disfavor with the street, can Cymer build a sustainable rally in that environment?
Anyway, once again Curly I apologize to you. I was being paranoid. I am trying to make a tough call about my investments and perhaps should have kept some if not all my thoughts and questions to myself.
Sincerely,
AZ
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