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


To: IRA ZOHN who wrote (7668)10/31/1997 6:46:00 PM
From: D.J.Smyth  Read Replies (1) | Respond to of 25960
 
ira, at one time Cabot had greater impact on stocks, but hasn't had much impact on his sells as of late. i've watched nearly all his sells, and the stock price moved briefly and found stability thereafter. if the market is moving Cymer's stock for some other reason (doubtful) this would be the telling factor.

the fact remains that Cymer is now 45% off DLJ's 12 month price target. this qualifies Cymer as a "strong buy" - any stock 30% off or greater is generally requalified.

some brokerages short stocks that are Cabot's picks then buy once he recommends a sell after basing.