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

To: TideGlider who wrote (11194)	12/8/1997 7:33:00 PM
From: Jay M. Harris	Read Replies (3) \| Respond to of 25960

Hello Bruce, it is good to see Cymer heads with long term conviction. I will reiterate the word long term for the benefit of thread members that are contemplating averaging down over the next month or two. We have just entered a semi down turn. Memory prices falling; chip inventories rising; fab push outs and cancilations beginning; negative fab cash flow and equipment financing drying up etc. Please deemphasize your major house short position and manipulation theory and study recent industry fundamentals. The entire sector is down 40% to 50%, not just CYMI. Semi equips are cyclical and Cymer is no exception. The market is discounting earnings reports 6 months out NOT next quarters. Members of the thread interested in semi cycle dynamics should catch my recent posts on the IPEC thread. I'm Long Cymer realizing it is a long term investment. Mr. Akins invested for 10 years prior to realizing his first $ of profit. I hope others on this thread can demonstrate similar patience to be successful! Regards, Jay