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: Gary Hoyer who wrote (8771)	11/8/1997 4:49:00 PM
From: TideGlider	Respond to of 25960

Either way the price goes it's sets a trigger by shorts, institutional buyers and then the return of the momentum surfers. We had the break with the NYT article and the earnings. The market was falling and we rose to 29. Monday however all bets were off when the market fell. Bigger positions then CYMER were being covered. Since Cymer lost the earnings bump there was nothing to encourage shorts to buy out. Then the recovery only made it tougher as shorters had many positions to cover. Cymer being the least. All the big boys were shorted and blew back up. They are juggling and hoping for a crash. Don't think for a minute when you see the pundits talk about going to 7000, that it isn't because that is precisely when they began shorting. Unless you are short on most issues there is absolutely no advantage to talk down the averages. The rise in the indexes doesn't relfect overvalue as much as it just reflects an incredible move to the market in the last few years. The short money is most likely the cause of the fast bounce back. At least a catalyst....a consideracle one at that! Shorts are on the "fence" so to speak....a move either way demands their action. At least in this stock as it's upside signifcantly overshadows a much smaller down... Bruce

To: Gary Hoyer who wrote (8771)	11/8/1997 5:28:00 PM
From: GREATMOOD	Respond to of 25960

To All: Somebody over at the MF side (AROWANA8) posted that Cymer will be an exhibitor at a "semicon show" in Japan on Dec 3-5, and asks about the possibility of Cymer introducing a new product. Much of the current fearful speculation about Cymer's position vis a vis the "competition" implies that THEY are all moving forward with their fantastically flawless DUV product (which by the way, in real life, hasn't been plugged in yet) while Cymer's currently successful product is a static entity till the end of time! The reality is that given Cymer's ambitious R&D program, their high level of engineering skill, and their knowledge of the market, investors have every reason to believe that Cymer will be as dynamic or more dynamic as any other market entrant! The analysts and consequently the market have priced Cymer as if the game is all over for them! The truth is that Cymer has just finished a couple of years of warming up, and the game is about to start! Good luck to all, GM