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

To: Guy Gordon who wrote (24538)3/22/2000 3:09:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 25960
 
Guy, you are absolutely right, but as we approach the 5000 level on the NAZ I am cutting back to 70% equities, and since CYMI met my target and has some overhead supply in the $55 to $56 area, I thought it (and RMBS) might be one of those I should let go. I think that other plays have a greater immediate potential of a 50% run here like the SC stocks, and maybe SIII, so I hold these.

Zeev



To: Guy Gordon who wrote (24538)3/22/2000 4:56:00 PM
From: jghutchison  Respond to of 25960
 
Guy,

My chart is showing the 50 day MA at 54, which we closed above today on higher volume. This should create buying tomorrow by institutional traders, market conditions permitting.

I also see that cymi broke out of my channel to the downside on 3/14 at 51 1/2. I use Tradestation.

I guess it is all in how you interpret the chart and draw the trendlines.

Nevertheless, I agree with the rest of your post.

Jack Hutchison


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