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


To: Steven Angelil who wrote (7369)10/30/1997 5:57:00 PM
From: D.J.Smyth  Read Replies (1) | Respond to of 25960
 
Actually, Steven, if you're truly convinced about this company's prospects, you should look upon this price drop as an opportunity to make more money (somehow). the market is broken, CYMI is not although those short the company wish otherwise. they've been correct for the most part regarding CYMI's support, but it came as a gift from Bret and Jay, not from their own knowledge of the market. CYMI is now cheaper than it was yesterday and now makes a better buying opportunity than it did yesterday. the cheaper it gets, the better the opportunity for upside potential. i own a substantial portion,but sold a lot more in the high $20s just to take some profits.

the market, in general, has a suspicious eye regarding lasers in general i think. i'm not sure. there is nothing but generally good news for this company with the exception of the Komatsu mystery which remains a mystery for at least another eighteen to twenty-four months. CYMI's comment about "bullish" for 6 months wasn't enough fuel for Bret, apparently. Even though Bret has stated that CYMI has a "fair value" of $30, it is now 25% off from that fair value. Fair value doesn't mean what it used to apparently.