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

To: TideGlider who wrote (10552)	11/25/1997 7:25:00 PM
From: NW Bronco Fan	Read Replies (1) \| Respond to of 25960

Bruce, what happens at Japan Semicon next week that will either make or break CYMI? thanks, Duane

To: TideGlider who wrote (10552)	11/25/1997 7:50:00 PM
From: Jess Beltz	Respond to of 25960

Bruce and all: you may want to take a look at wheatfirst.com I think a great deal of Don Hays commentary, and have found him to be right way more often than wrong. I will quote some highlights from this weeks "comment" (since it's a free site, I don't think I'm in any violation here.) On the Market: "This is simply the bullish trend each year beginning two trading days before Thanksgiving. Traditionally, the strongest three-month period of the year is November-January. In years past, January was almost sure to create strong rallies in small-cap stocks. It was so dependable that investors soon caught on, and for the last few years, this small-cap rally has been occurring earlier every year." "So we expect a rally, maybe even a significant rally, which will probably last until February 1998, to begin momentarily. Accompanying the rally will probably be the last good earnings picture for the next eighteen months. Unless all the traditional signs are wrong, this year should produce an outstanding Christmas shopping season. With the unemployment level down to the lowest level since 1973, with mortgage rates at three-year lows creating another wave of mortgage refinancings, with real personal income levels up, with competing gasoline prices down, and with the tremendous wealth effect created by the strong bull market, the consumer should have extra cash and be ready to celebrate with great gusto. The shopping season typically kicks off the day after Thanksgiving, so by early December-just as the seasonal market tendencies kick in-the analysts will be getting positive vibes from those consumer-led sectors that will be the prime beneficiaries. Earnings estimates will be bumped up, and the nervous investor of October will jump back into the market." On Tax Loss Selling: "Some very good technicians believe that the tax-loss selling is being completed now, and they expect the small-cap dominance to begin momentarily. So far, we have not seen signs of that early emergence this year, but we are watching carefully for it. In the last few weeks, the segmentation in the market has been much more sector-oriented than market-cap-based. Retail, healthcare, REITs, and utilities have been the shining stars, while technology, basic industry, and most cyclical stocks have languished badly. The large-cap stocks that have heavy international exposure have also been among the walking wounded." On Asia short-term: "We expect the recently reported troubles in the Asian Pacific to enter the denial stage. As the world leaders and the shifting leaders in the Asian Pacific countries begin to come up with some makeshift agreements to calm their markets, we expect the pundits to accept the view that all is solved, which should support an Asian relief rally. For a few months at least, that should allow the bull to survive." For Asia long-term, see the article (it isn't pretty.) I recommend that everyone bookmark this site. jess