Doug, you are right and short term I am very concerned. The SOX has broken as well, and I am afraid that CYMI will follow suit. I have a target of $16 before the end of June, and hopefully there about will be the low on this mini cycle, but you never know. I do not have a lower target because I think that we are not going to a have a secular downtrend, just a minor seasonal one. The long term drives for this stock, IMHO, are still in place (namely reduction of design rules), on another thread I read that the lead times at ASM are lengthening, I have no confirmation of that, but if it is true, that means that good times should not be too far out.
Zeev |
