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Technology Stocks : Cymer (CYMI)

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To: FJB who wrote (18378)7/8/1998 9:16:00 AM
From: Yakov Lurye  Read Replies (1) of 25960
 
I think (although that may be wishful thinking) that we are following the patterns established in previous quarters. If this is the case, CYMI performance in July will resemble what happened in January.
Among similarities: talk of possible semis recovery starting two-three quarters down the road, sector badly beaten up, which should attract some institutional money looking for good risk/reward ratios, etc. Notably, MU is already in upward trend despite very poor immediate fundamentals.

In January market had a bad week in the beginning of the month, then started recovering. CYMI hang around 15 till the end of the month, trailing the slow recovery in larger semis. The turnaround came after the CC .

Looking forward for a good August (with possible short term scares this week).

Y
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