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

To: TideGlider who wrote (11505)	12/13/1997 10:26:00 AM
From: Cymeed	Read Replies (3) \| Respond to of 25960

Bruce, regarding your thoughts about the effects of analysts on a stok movement, I still believe most analysts in this world are doing a fine job, honest and non-biased. I might agree that some analysts may be influenced by self interest or special interest at times, some analysts are as dumb as an amateur investor or even more sometimes, and some analysts may just simply a trend follower or "scared to wet his pants" (I mean Adams Harkness). But the majority of the analysts in the market place, I believe, are non-biased and responsible. Those are the good guys. Are the Cymi analysts good guys ? I don't know. I just have to carefully listen to what they have to say. Despite the huge paper loss I am incurring with Cymi, I am trying not to blame for somebody else, including analysts, management, news media, S. Korea, rumor grinders, or short sellers. I would say I am the only one to blame, and on top of that, my unluckiness is what to blame. I can't hope to win in every stock I buy. Even Sir Templeton said he was wrong 1/3 of times. But if I am wrong, I am trying to admit it and find out a strategy. For now, my strategy with Cymi is to keep holding the stocks I have bought way up there, and buy more when it's on its way up, because I feel it's just too cheap to sell at this price. This however, does not mean I am going to stop arguing about the brightness of Cymi (my honest belief). At the same time, I love to hear the othe side of my story. I might still suspect "a special short attack" on poor little Cymi although I admit I don't have any material facts to support my thinking except the unusually high percentage of short interest. Hang in there and tough !

To: TideGlider who wrote (11505)	12/13/1997 12:19:00 PM
From: Shakush	Read Replies (1) \| Respond to of 25960

Bruce, it seems to me that lately downward estimated earnings revisions issued by the companies (usually citing Korea) are leading the analysts. Typically, the stock gets trashed for 1 or 2 days, a warning is issued, the stock immediately REALLY gets trashed, the analysts downgrade soon after and the stock gets trashed again. Considering how far the Cap Equip stocks have fallen already, I'd like to think the Asian problem has been priced in, but this has obviously been wrong. If what happened to KLIC and VECO this week is any guide, a few cents per share warning from Cymer would knock the stock down $4 - $6 instantly. I think we are vulnerable to such "guidance". I recently saw a kind of Top Ten list of indicators used by fund managers somewhere and if I remember correctly, earnings surprises topped the list. Analyst recommendations were 2nd or 3rd. Duane