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Technology Stocks : Cymer (CYMI)

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To: Zeev Hed who wrote (19136)8/27/1998 11:20:00 PM
From: acidman  Read Replies (2) of 25960
 
Zeev, i've been reading this thread for 4 months now and I dont recall anything about you trading this stock. As a matter of fact, I recall you saying that you were long and dont trade. Maybe I'm wrong. As far as my last trade goes, I bought at 15 and sold at 15 1/2. 1/2 might not seem much, but a little here and a little there all adds up to alot. I have only had one bad trade on Cymer and that cost me 1/4 of a point. Right now its probebly the worst time to invest in techs. For some reason, everyone thinks that because we are trading at the lows this creates buying apportunity. Wrong. This sector is only going to go down and down. Recovery is going to take MUCH longer than the 6 months to 1 year time frame. More like 2-3 years. And I belive that some "people" are finnaly realising this and getting out of this sector. What we experienced today in the market will seem like a bull rally compared to whats going to happen later on.
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