Short, it was because of my TA analysis that I got bashed harshly last November (1997) when I responded "13" to a question as to what would be a possible low for CYMI in a then yet postulated only "major bear market" . History showed that when that broke, all hell broke lose with it, and TA was there showing the signs of deterioration. Right now, TA does not show such sign, but if we do not stay above 16, and furthermore do not go above 20 in the next six weeks or so, TA once more indicates that another selling wave might be in store. We all realize that VECO's prospects are better then the market in general, but if the segment suffers, CYMI is relatively fairly priced relative to its immediate near term fortunes (it is pricing events in 2000 right now), and if a cloud comes over these fortune, the market will be even more touchy then before (kind of , "you fool me once, shame on me, you fool me twice, shame on you, no one fool me thrice...").
Zeev |
