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

To: sepku who wrote (11356)	12/11/1997 3:04:00 AM
From: Jess Beltz	Read Replies (2) \| Respond to of 25960

<<<offtopic>>> Style, Ascend is trading up but without the takeover rumors, it would have lost a lot more ground just like Cisco and 3Com. Is there (in you opinion) any truth to the rumors? I've looked at the call/put action on ASND and there's some major league action in the Jan. and Feb. 30 Calls. I've also run across anecdotal information of people who are shorting the sh*t out of the stock. The reports coming out of the conference last month were very bleak, and it seemed (barring a takeover) that the way back for ASND would be long and slow. I've heard that the coming year should be a good one for the networkers, but they're getting hammered at the moment. what's your honest opinion here? jess

To: sepku who wrote (11356)	12/11/1997 12:29:00 PM
From: Richard Russell	Read Replies (2) \| Respond to of 25960

SP, This is a very good way to deal with this bag of vomit stock. WAIT. Unfortunately we all may be waiting for some time to come. Since I posted that cymi would be in the 16s again as a probable bottom fundementals have changed and technicals have broken down. I now expect to see the 10-12 range before we see 20s again. It could be a year to 18 months before it crawls back up to the 30s if ever. By the time this cyclical downturn for the semis ends the competition will be bitting off market share. Slimer has lost its upward momentum and is in free fall. The street and anal-yst hate this puddle of dog diarrea and the big money won't be buying for some time to come. I know I will be flamed for this opinion because the truth hurts and no one wants to hear it on this thread. Good trading. RR