Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Bloxom who wrote (7385)	10/30/1997 7:34:00 PM
From: D.J.Smyth	Respond to of 25960

John, if you look at the technicals of the stock, i.e., rsi, stochastics, momentum, all point to Cymer being in an oversold condition. rsi is sitting at 20, stochastics i now sitting at 16. anyting rsi or stochastics measure under 20 is considered oversold and this generally means that their are fewer and fewer sellers and those sellers that want out are being let out at the lowest price possible. once they're all gone which usually doesn't take several months (more like days, weeks), the stock rebounds.