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Technology Stocks : Cymer (CYMI)
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To: Zeev Hed who wrote (20806)1/31/1999 8:14:00 AM
From: Justa Werkenstiff  Read Replies (1) of 25960
 
Zeev: Re: " Sure exuberance could even bring this stock to $60."

As this latest market run in certain has taught us, exuberance can't be predicted. If there are enough "light bulb" people around who decide to short again, this well could provide the fuel for a huge silly run. Let's see ... you can't have the internet without Cymer. Yes, that's the ticket and off to the moon we go. And the CYMI board will then again attract hundreds of posts per day as it did in 1997 in a non-stop advertisement of CYMI's great prospects. Clueless investors will show up and read all this fine advertisement copy and join the party on the long side. Carlton Lutts will issue a buy on the stock. Fleck goes short and adds fuel to the fire. Day traders will find a new home. Oh, we could only hope. And then we can do a cross selling pitch for WFR. Let's see ... without WFR, there would be no CYMI and no internet. There you go to $100 as well with WFR. And we are all fat and happy. I love this game.

Short term, I see the key to CYMI at this point is to have a positive cc regardless of results that puts the stock firmly above $30. Of course, the overall market must remain glued together for this to happen. NASDAQ at new highs currently. Probabilities suggest an overall market correction shortly.
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