Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Knipschield who wrote (22343)	6/30/1999 10:32:00 AM
From: Ian@SI	Read Replies (4) \| Respond to of 25960

Looking at gains from the October lows is looking at a "once in a century, if not millennium" event. The LTCM fiasco, with all of the big institutions mimicing its errors created the biggest fire sale on on financial instruments that any of us are likely to see. ever! Yet this sector remains highly cyclical. Sentiment goes from the most depressed outlook that another tool will never be sold again to the most manic views that the sector is no longer cyclical, that unprecedented growth will carry on forever. Which is nice for those willing to go against the flow. Market beating returns become the norm. So there may well be 30 baggers. But except for the folk who bought on Oct 8th, such returns are unlikely to recur. FWIW, Ian.