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

To: Curlton Latts who wrote (24219)	2/9/2000 1:31:00 PM
From: Andrew Vance	Read Replies (2) \| Respond to of 25960

You left out one very important item in your post. That item is, "that is why I am paid the 7 figure salary<GGGG>. you an d I think alike when it comes to analysts especially since everything seems to be as self serving as your suggest. While these people can actually move the market and some stocks, I find the best strategy is to buy when the say sell and sell when they say buy since we are undoubtedly being manipulated into taking care of their inventory issues in some stocks. BTW - as readers are well aware, VTSS got pooped on because of the LU earnings warning. we saw this as a gross over reaction and told readers that under $50 this was a "blue light special" and hinted that under $45 was a gift. Whatever the case may have been (we won't haggle over entry level), we had serious consideration given to VTSS these past few days and it was actually our TOP PRIORITY stock when it was ib the $43-$47 range. Of course, now that the stock is up 20% to 25% in less than a week (or close to it), the analysts are tripping over themselves recommending the stock again. These are some of the same people that were very critical of VTSS or downgraded it just a few short weeks ago. Fickle thy name is usually analyst<GGG>. IF you line up all of the analysts against a wall and then made an informed decision on your own, like many people do here, you will find that not only do you prevail in your investments, but the analysts have their backs to the wall and cant crank out their spiel for the market mob mentality to respond to.<GGG> The analysts create the Chinese Fire Drill amongst the institutional clients and private clients before letting these gems loose on the public, it seems. they stir up the fires there and then engage the small retail investors to add fuel to the flames. Think about it. VA Linux IPOs at $30, opens at $299, gets as high as $320, and it was downhill ever since ($125 now). Who made a mint? all of the institutional clients that had shares before the open and the underwriters with the over-allotments. they stirred the fire up enough for many of these clients to dump their shares at the open to the unsuspecting public and then could buy the shares back at almost a 60% discount to their exit in just a few months. I wonder how successful any IPO would be if the shares were auctioned off ebay's site for a more equitable distribution. The company might get higher proceeds from the deal and more realistic valuations would exist after the open. Consider the possibilities. Anyway, the market was boring and I wanted to participate a bit more here anyway. BTW - your $235 price target for CYMI is way too conservative<GGGGG>. Then again, from 8 months my 1 year target was $75 and I was getting fearful we would exceed it real soon. And it is interesting that the analysts are now coming out with similar figures as we did last year. Just goes to show, they are really hardly ever timely enough to do justice to many things.<GGG> Andrew PS - the winners of the contest, who was first and who was second? I lost the post and need to make sure we do not cut off the wrong person at the end of the week. Which, by the way, doesn't really matter since both were handed PKTR and VTSS on a silver platter this week<GGG>.