Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Guy Gordon who wrote (21610)	4/7/1999 5:44:00 PM
From: Ginko	Read Replies (1) of 25960

RE: Price Support Guy - I am using old-fashioned support / resistance lines on a 1-year price chart. stockmaster.com The adage - old support becomes new resistance & old resistance becomes new support rings true for CYMER. During the 9/98 selloff - we broke 15 and fell hard. When we pierced it on the way up in mid November '98, we tested it a few times (even breaching it by a small amount in early January) - only to explode to the 20 area. In short - imho - we will test 15 - 16 area. If we bounce off of it, I am fully invested again. If we break it by more than two points - I will be very surprised and concerned. I don't think this will happen. Regards - Tom

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