Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Bill Hermesmann who wrote (19150)	8/28/1998 1:24:00 PM
From: space cadet	Read Replies (1) of 25960

Bill, glad to see someone else who knows a little TA. I'm always amazed when people jump into a stock which has fallen a little just because now it's a little cheaper, when the charts are screaming imminent collapse. I said before that 10 is the big test and I'll stick with that. Incidentally I think cymi is probably dead money wherever it ends up falling to for at least 9 months, if you believe the analysts expectations of next years earnings. So there are a million better looking stocks out there. However, for some explainable reason (a better hype pr machine perhaps) there are lots of know-nothings who love cymi who will probably push up cymi at least a couple of times in the interim. For a glimpse at what I mean, take a look at qntm. Last year in the fall I also said that that stock is heading for the teens. The know-nothing hypesters on that thread all were waiting for qntm to return to 40 any moment, despite the worst earnings outlook imaginable (quite similar to cymi's outlook now actually). qntm had lots of stupid runs above 20 before yielding to reality and so I think cymi will also probably be a nice trading stock also. I believe a fair value for it is around 5.

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