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Technology Stocks : Cymer (CYMI)
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To: sammaster who wrote (19503)9/13/1998 11:52:00 AM
From: Elroy Jetson  Read Replies (1) of 25960
 
Cymer looked attractive to me at $32 and quickly sold at a loss. It looked attractive again at $21, and at $17, and at $15, each time sold at a profit at higher prices once I realized Cymer was a trading stock. (sort of like the current general market)

At the current price of 10 with further industry deterioration it no longer interests me as a trading stock, and is too expensive and too early for me to consider it as a long term holding. If Cymer drops to $6, I would consider it attractive for a long term holding, but I don't like to hold stocks selling for under $5 a share which could be a problem. I think my preferred strategy would be to wait for it to bottom and buy a long term holding at $15 once the industry is recovered and an upward trend is firmly established.
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