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

To: FJB who wrote (24787)	4/26/2000 4:38:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 25960

Robert, I must agree with you, as a matter of fact, I felt the beating was so irrational that I jumped back in just before the close. There is something puzzling me, however. Early this month, when we had that massacre, I remember succinctly seeing in real time a spike down to $36 (and marked it on my own chart), but now, when I look at different charts (Yahoo, Big Chart), that decline seems to have barely penetrated $40, thus making today a new reaction low. Does anyone remember how far did CYMI go on that fateful day? In my buying I was hoping to a least catch a bounce like VECO had today, but also being able to put a close SL just under $36, but if it is a new reaction low, who knows how far the irrational inexuberance will go. Zeev

To: FJB who wrote (24787)	4/26/2000 5:19:00 PM
From: Backfill	Respond to of 25960

Bob, I feel the same way, and to make matters worse the family guinea pig died today. It broke my six and three year olds hearts. There is a lot of angry investors right now. They say you should buy when there is blood in the street. Well it seems there is quite a stream running right now. The sector as a whole did not do that well today. "because a crowd does not think, but acts on impulses, public opinions are frequently wrong." Humphey Neill Neill also states "The crowd is not always wrong. In fact, it tends to be right during the heart of a market trend, but decidedly wrong at tops and bottoms" Jeff...

To: FJB who wrote (24787)	4/26/2000 5:26:00 PM
From: Berk	Read Replies (1) \| Respond to of 25960

Bob, I was about to agree with you, that I, too,had never seen such a performance in the face of earnings numbers like those which CYMI published. But then I remembered that I had: the year was 1974 when the averages were cut in half because of the oil shock. At that time it seemed that the better the earnings were for a company the worse the stock price was hit; the market was always finding a negative to focus upon rather than the positive. There is the chance that today may have been a high volume climatic low and I certainly hope so since I still own the stock but I don't know.

To: FJB who wrote (24787)	4/26/2000 8:20:00 PM
From: Ritz	Read Replies (1) \| Respond to of 25960

Robert: Re:"I've never seen a reaction like this to a record quarter and a raising of future guidance." Looked like a replay of KLAC on April 13 to me. Seems to me that across the sector less than blow-out results have been hammered (klac cohu lrcx), and blow-outs have gotten tepid responses (ter klic svgi). -Ritz