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

To: Jess Beltz who wrote (10877)	12/2/1997 9:12:00 PM
From: TideGlider	Respond to of 25960

I see this whole analyst business a little differently. We look at TXN at 140 and say...wow wish I got in on that before the bump....we look at any stock that way. Analysts say "These assholes will buy right back in. Let's ride it down and up again." In the time an investor makes 25% say it's a year. They make 150% on the same stock. KURLAK has been very angry because he usually knocks a stock and it stays down. He did INTC this summer. Then again in the fall. The fall spell didn't work. So he did the whole friggin sector. If they were to be believed other analysts would jump up and declare him a rogue. A few people did in the summer. Not now. They are all buying. Well it isn't a friggin buying opportunity for me. Most tech stocks have lost up to 6 months of gains. Many unjustified. ALT and WDC have become more scary than October. There last warnings and earnings reports didn't justify a return to buying and thus another let down. THAT is just why they did it...THEY know TECH junkies will just keep coming back because they think they are so damn smart. They are smart...and they are right about most companies. That is why they know they can knock us to the floor and we will get back up and prepare to get kicked again. The biggest problems with the tech stocks is that most are on the NASDAQ and that leaves all the room for abuse. The best trades are always done while you are sleeping and when the market is on it really doesn't matter who and how much stock you want as they don't match bids. They stand between them. If they put you up ...they knock ya down tomorrow. All depending on their respective derivitive positions. We need very good news the next few nights. If not we have to wait until the next earnings...Then guess what...? They will say it looks like some flat Qs coming.. Let's hope for good press....and great moves from SEMICON. I believe they have bought enough now to put a buy rating up.. :) Bruce

To: Jess Beltz who wrote (10877)	12/3/1997 8:44:00 AM
From: Cymeed	Read Replies (2) \| Respond to of 25960

Jess, I agree with you that sometimes analysts are either completely ignorant or deliberately manipulative of selected securities. However, as a Cymi long and as much as I disliked some of the analysts' opinion and I want the stock to go back to $50, I also like to give some credits to the analysts. At least they generally have a good sense of direction. When they smell nervousness in the atmosphere, they downgrade and here goes the selling and the shorts; and at the same token, when they sense some excitement, they will issue an upgrade. This is how they attract attention and attract business. I am afraid to say, the excitement with Cymer will not come back again easy, if it's going to come back at all, therefore, the stock price is going to have some hard work ahead to adjust with reality. It may take a long time for it to bottom out and then let the fundamental be in control (upside in my current belief). Personally, I am happy to see what Cymi is doing here - bouncing back and forth in the $20 area with slight but much slowed downward trend. Unless there is substantial fundamental deterioration which would cause further sharp slide, I think we are headed for a nice, long, and round bottom. Good for long haul, though. Regards, Cymeed