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Technology Stocks : Cymer (CYMI)
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To: Justa Werkenstiff who wrote (20747)1/28/1999 7:36:00 PM
From: Curlton Latts  Read Replies (2) of 25960
 
ASMLF certainly has moved up with this run since October. ASMLF just never dipped like CYMI - neither in October nor December. The correlation coefficient has got to be close to 1.0 over this time frame.

techstocks.com

That is despite ASML reporting earnings down 54% and giving a flat forecast for the next quarter or two. When the market disagrees with company predictions and SI poster predictions the market is the better bet. Predictions are often wrong - the market isn't.

This upward trend has been across the semi-equip group and not soley concentrated in ASMLF or CYMI:
techstocks.com
With demand for PC's continuing at a smoking hot pace and recent shortages of dram I'm not surprised. There is a big retool requirement right on the immediate horizon.

The fundamentals for this business continue to look better and better on a go forward basis. That is why the stock is trading up. That is also why other semi-equips are trading upward despite reporting last quarter losses.

Time will quickly tell. I tend to believe in Newton's law here - once a body starts in motion in a direction it tends to continue in that direction - up. Back and fills along the way, but up nevertheless.

Good Luck To Each And All

Curly

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