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

To: Tulvio Durand who wrote (12397)	1/8/1998 12:17:00 AM
From: Yakov Lurye	Respond to of 25960

Few short-term observations: 1) CYMI had exhibited strong resiliency today - opposite to the last quarter; its relative valuation vs. the sector leader AMAT has improved. Since CYMI is a "pure play" stock, this is an indirect indicator of an uptrend for the sector as a whole. Also note the resilience of LRCX that was downgraded yesterday - usually LRCX is very sensitive to fast changes in SOX. 2) SOX is still contained within the upward channel, intra-day chart shows a double bottom at 260 (although I would love to see the recovery starting earlier in the day and a stronger follow-through on the last-minute DOW surge) 3) The weakest section of the semiconductor market (DRAMs) shows signs of recovery 4) Yesterday's COMPAQ/AMD announcement did hurt INTC, and indirectly all semi-equips (they are sensitive to SOX); today we got some positive spin on INTC Chances are we could see a positive day tomorrow Y.