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To: stox19 who wrote (4630)2/28/2003 2:20:30 PM
From: Jacob Snyder  Respond to of 13403
 
OT CYMI; no. CYMI is hovering around 30, as the SOX stalls at ST resistance in the 290-300 area. The SOX looks set to finish its rounding top and head on down. If it does, CYMI will plunge. The lack of volume as CYMI hits 30, and the lack of any bounce, means there is no support here, no supply of buyers willing to support the price here. If I'm wrong, and (and I'll know I'm wrong if the SOX gets and stays over 300), then I'll cover the next time CYMI hits 30. And I'll probably double up my CYMI short if we hit 35.