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Technology Stocks : Cymer (CYMI)

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To: orkrious who wrote (19149)8/28/1998 11:59:00 AM
From: Bill Hermesmann  Read Replies (2) of 25960
 
Considering Zeev's gloomy overall assessment and fatherly advice to someone a few days ago, "Will you bail out if the support at 14 3/4 is breached?", then his subsequent buy of the stock yesterday at 14 3/8, his turnips seems more seat of the pants than technical analysis. I don't know about Cymer, but the OEX put/call ratio has been giving clear bearish signals this week and this market will NEVER
EVER rally for real while that group (OEX call buyers) is still trying to buy the bottom. The good news is that they will change tactics with dramatic suddeness, thus creating an authentic buy signal.
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