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Technology Stocks : Cymer (CYMI)
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To: pat mudge who wrote (19543)9/14/1998 7:35:00 PM
From: orkrious  Read Replies (1) of 25960
 
Pat, I understand your reluctance to jump in. The way the stock has been dropping, who wouldn't be? It doesn't take a genius to figure out that this is a Catch-22. Watching the ticker, it seems to me that the rapid price decline is more due to an absence of buyers than a preponderance of sellers. No one wants to step up to the plate, so the few people who want to get out force the price down, which drives up volume and more people want out. It's a nasty circle. And this isn't just true of Cymer. It is true of anything other than the big stocks.

However, once the momentum swings, it will move unbelievably fast. It seems to me the best thing to do is start nibbling, then keep nibbling if it falls further.

Jay
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