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

To: flickerful who wrote (8004)	11/3/1997 7:06:00 PM
From: Jess Beltz	Read Replies (4) \| Respond to of 25960

randy, let me add the following: I would not read too much into the Lizzard King's warnings that the stock has a parabolic trajectory but will remain mired here. It is true that the stock is "damaged goods" at the moment, but simply pointing to another stock to whom that happened (the miring) is not sufficient evidence to press the case. i would like to refer to another stock that had also had an even more severe "momentary" problem, ie AOL with its server problem of a 12-18 months ago. It was pounded down too, but came roaring back once the "problem" was fixed, and for one huge reason: extremely dominant market share in an expanding market. That kind of fundamental information is to compelling for the market to ignore. I think that is also the position we have right now with Cymer. We have not seen the support from the analyst community we would like, and I think I know why. Even though the fundamentals look good, as of two weeks ago, with the general market uncertainty (volatility) and the huge short interest in the stock, there was still the potential for downward movement in the stock, and analysts are loth to put their clients in a stock and have it quickly lose 15-20%, which is in fact exactly what has happened. If it truly has washed out, if there is miniscule real downside risk, now the stock becomes an analyst's dream: a stock with little downside risk and huge upside potential based on sound and verifiable fundamentals. I agree that the analysts, which are hosting the San Diego conference, will go home and mull things over, and we can expect upgrades/downgrades in the coming weeks. The tech sector looks on sale to me, and Cymer looks like a lovely bargain. jess. PS - I wonder what's up with Ascend? It's not participating in the rally at all, and the big longs there are getting murdered. jb

To: flickerful who wrote (8004)	11/4/1997 4:43:00 AM
From: Jess Beltz	Read Replies (1) \| Respond to of 25960

<<<offtopic>>> randy, i think your phrase, "it is a metaphor for the market saying "i give up", at which point, the market has no more interest in flexing its muscle..." is most interesting. during the height of the storm, i could almost tangibly feel the fury of the market pounding us. it was incredible, and while depressed, i was also almost awestruck. It was like the blind rage of an insane monster, or possibly a hurricane. just as clearly, i sense that it has lifted, like a storm that leaves its ruin for all to see in the calm sunlight of a tranquil day. i don't mean to suggest that there will be no squalls from here on out, just that where before i sensed fury, i now feel calmness and guarded optimism. jess.