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Technology Stocks : CYPRESS Semiconductor (CY) -- Ignore unavailable to you. Want to Upgrade?


To: cbstock who wrote (1482)10/29/1997 10:20:00 AM
From: Scott Brooks  Respond to of 2694
 
<<I wonder why MM thinkd this stock has a value of 28?>>

Probably because he is in too deep to back out. I have owned CY since late 95 and MM has been banging the drum as long as I have been holding it - to no avail. Why stop now?? :)

Scott



To: cbstock who wrote (1482)10/29/1997 10:54:00 AM
From: raven  Read Replies (2) | Respond to of 2694
 
CB

Thanks for the kind words, but please don't let the things I say
sway your investment decisions on this stock. I'll be the first
to admit that I do not have a handle on it.

IMHO I didn't think it would drop much below 11.5 as I posted
recently and look what happened. With CY, there is always a red
Thursday, Friday, and Monday just around the corner. I still feel that it is a fairly
safe buy at these levels and if it drops, average down.

I would not buy it as a long term investment, however I think it
will revisit 16 to 18 within 12 months.

I think of CY as driving down the freeway at 65 on cruise, everything
is fine, then for no reason your steering and brakes go out at the
same time and you can't get the cruise control off.

Good luck with it.

raven