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

To: Doug Skrypek who wrote (9079)	11/11/1997 5:28:00 PM
From: rsc	Read Replies (3) \| Respond to of 25960

Earlier I remarked that we are in a short-term bear market. Okay, so that much is obvious. But as CNBC commentators never get tired of telling me, I have never seen a real, protracted bear market. How might we expect CYMI to act if we are not merely in a short-term down turn -- be it three more days, weeks, or months -- but a long-term systemic readjustment? CYMI is now a full-fledged 'value' stock. Do underpriced stocks hold their own in bear markets, or do real bear markets tend to undershoot fair value as radically as bull markets overshoot? Looking for the big picture, rsc