Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: BillyG who wrote (16180)	4/1/1998 3:18:00 PM
From: Elroy Jetson	Read Replies (1) of 25960

I wonder how high the pain tolerance is on short positions in Cymer? Cymer has risen 16% from a week ago when a couple of pundits on this thread declared this stock "dead money" for a few more quarters. But then Cymer still hasn't broken through its previous resistance level of $48 and made a new high, so I guess they're waiting for that. I guess too, this shows what happens when Cymer doesn't hold its alleged support level of 19 3/4 and tumbles to 19 5/8. I'm sure a knowledgeable technician can explain to us the details of a "support break-out snap-back" formation.

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