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

To: jelrod3 who wrote (1574)	12/10/1997 5:27:00 PM
From: Samuel R Orr	Read Replies (1) \| Respond to of 2694

Thanks for the warning. You may well be right, but I can't control what the analysts say, nor figure out investor perception. I bought Cypress in 91 and 92 in the range of $10, but that was before the split, so it was really $5 for today's shares. I patiently watched it rise to $22 and sold it, then kept on watching as it rose to $54. The only faith I have now is in the stupidity and cupidity of stock analysts. Our technology sector will be hit by low margin and distress selling from Asian suppliers. It will hurt all companies who manufacture DRAM and SRAM, but as Michael Dell pointed out, outfits such as Dell may be helped considerably. The fact the Korean Won has fallen 40% in two months against the dollar, and that South Korea will have about $20B of short term debt to repay this month means things are pretty grim. As Trey Yon said, "It ain't pretty." How to put all this together in a rational perspective is quite difficult. Nevertheless, an old friend told me investing was really simple. He said, "Buy low, and sell high!" You don't have to buy at the minimum(take the first derivative and set it equal to zero), nor sell at the zenith. I wouldn't buy Cypress on margin, but think nine bucks and below will eventually turn out to be profitable. Thanks for your advice, and keep in touch. We'll see how it all shakes out.