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

To: ItsAllCyclical who wrote (9517)	11/13/1997 9:26:00 PM
From: craig crawford	Respond to of 25960

<< COMS drop dead support is at 25 >> Let's get this one out of the way first. COMS has already hit 24 just this year, so why is 25 "drop dead"? Furthermore, if I short above 30 and cover around 24-25 I make more than 20%. << Ascend's is ??? 15-17? >> I can see where you identified that on the chart, but for ASND to go to multi-year lows like that would imply that COMS could do the same, hence COMS has other "levels" under 25. << Ascend's margins are much higher along with it's price to sales ratio. COMS has smaller margins and a lower price to sales. For Ascend and COMS to be valued similar when COMS is at 25 Ascend would be around 10... IMHO. >> I wasn't comparing COMS to ASND valuations. I merely pointed out that analysts started lowering their earnings estimates/price targets on ASND a while back. Then they lowered them more and then some more and even more. The same could happen to COMS. The MS analyst cut his price target from 65 to 48, not a small amount. << This is why I think shorting COMS below 30 is somewhat risky based on other higher Price to Sales stocks. >> It's not below 30. COMS stock is so broken right now it will be a long road back like it is with ASND. The kind of technical damage that has occurred will not be repaired overnight. At $30/share COMS market cap is still over $10 billion so I wouldn't worry too much about a buyout.