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Technology Stocks : Cymer (CYMI)
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To: pat mudge who wrote (17776)5/26/1998 5:26:00 PM
From: j g cordes  Read Replies (1) of 25960
 
Pat, great report.. can't wait for part II. I forwarded it to a few who might benefit the stock.

FWIW, TA read is keeping with the fundamental read.. ie the company is steady on performance until things turn with Nikon and Cannon. Because the buyers are so so well defined, the future timing also
seems well defined.. two quarters before Japan Inc. gets in gear, though your report shows the momentum may be revenue positive before that.

We'll soon reach a price which undershoots even the steady to down performance expectations. Then CYMI will be an upgrade first on value, then on future growth, then a strong buy as a leader in an industry turn. I'm starting to buy at what I see as logical support between 15-16, 14-16 if nasty market generally. This is a lose enough range to encompass a general selloff if it continues. As the market declines there's no need to rush entry anyway.

20-21 will be tough resistance through the better part of the year.. When it does break out from there with fat order books, then the most recent highs near 29-30 will be tough to eclipse... yet that's nearly 90% up from here.

The tape is interesting.. to me its showing early block buying while at the same time showing block selling... new players with optimism buying up older players with a big dissapointment over the last two months.

Some other stocks that look tempting for short term plays are PSFT and the disk drive companies SEG, WDC and QNTM.

Jim
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