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Technology Stocks : CYPRESS Semiconductor (CY) -- Ignore unavailable to you. Want to Upgrade?


To: Samuel R Orr who wrote (1573)12/10/1997 1:45:00 PM
From: jelrod3  Read Replies (1) | Respond to of 2694
 
I was wrong in my post #1555. I said $9 to $9 1/8. I now see CY going to $8 and maybe to $7 3/4. Too much capacity, cellular and PCS wireless growth is slowing, and the Asian problem is upon us....not to mention what appears to be the drum beats of a secular tech bear market. Pull up a list of tech stocks and see how much they are off their 52 week highs. It's scary. Signed, Glutton



To: Samuel R Orr who wrote (1573)12/10/1997 3:11:00 PM
From: Trey Yon  Respond to of 2694
 
The Korean Won was down another 10% Tuesday Night (12/9) That's right Samsung SRAM prices dropped another 10% overnight in U.S dollar terms.

On other fronts, Korea called on Japan & US to honor their IMF "backstop"
commitments to the tune of $15 Bill USD

This ain't pretty. ...........
TY



To: Samuel R Orr who wrote (1573)12/11/1997 12:51:00 PM
From: Bill Murray  Read Replies (1) | Respond to of 2694
 
CY @ $9.00 but I don't feel like buying yet. Since I'm a fair
contrary indicator, maybe now is the time.



To: Samuel R Orr who wrote (1573)12/12/1997 11:48:00 PM
From: Trey Yon  Read Replies (3) | Respond to of 2694
 
Well Sam, how do you like the "Broom Ride" thus far ???

I did a little survey through my high tech charts today. They kind of look like a "Nuclear Winter" has begun to set in. Here on the Vroom Broom thread we've been the "frozen chosen" for over a year now so were used to this Korean draftyness.

October 17, 1994 Yep thats right; OCTOBER SEVENTEENTH, NINETEEN HUNDRED and NINTEY FOUR Cypress Semiconductor closed at $8.37 (split adjusted) The witch mounted her broom the very next morning at $8.50 and closed on the 19th at $8.94 on 1.6 mill shares she continued to ride her broom past GO to collect at $25

July '96 support at $9.50 was breeched yesteday; IMO were going to test support at 1X BOOK.