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Technology Stocks : Cymer (CYMI)

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To: MtnMan who wrote (17093)4/24/1998 11:20:00 AM
From: MRothaus1  Read Replies (2) of 25960
 
I must admit to being quite disappointed with the earnings release. I had also gotten carried away with optimism due to the price rising so far so fast this week.

I think we are going to see a narrow trading range for the next 4 - 6 months. Especially now that we know that when Cymer says "we are going to earn such and such" it should be taken as gospel. They will not earn more than 9 cents for the 2nd quarter.

Where else could I put my Cymer money in the short term? Internet stocks? Bank stocks? Those are all overvalued now anyway. It is best to just keep it safe in Cymer (and avoid transaction costs) since it is highly likely that we will be rewarded by christmas time.
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