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

To: George Coyne who wrote (15187)	2/27/1998 8:51:00 PM
From: Elroy Jetson	Respond to of 25960

I may buy back on Monday, but I did throw Cymer out with the bath water. Cymer is undervalued, but I sold all stocks. Interest rates have notched back up over the past two weeks. This is a short-term problem for stocks. No reason for a decline, but no reason for further p/e expansion. The high p/e ratios make sense with low interest rates. Its easy to stock pick when everything is rising. An article in "TheStreet.com" came out after the close which explains this eloquently. A table from this is shown below. Quant View: Valuations Return to Peak Levels Special to TheStreet.com 2/27/98 Here are the buy and sell signals for the model over the last 36 years. Sell Sell Buy Buy # % Date Price Date Date mos Return 10/69 97.24 06/70 77.72 8 -20.1% 07/73 108.22 11/73 95.96 4 -11.3% 11/80 140.52 11/81 126.35 12 -10.1% 08/83 164.44 02/84 157.06 5 -4.5% 06/87 304.00 11/87 230.30 5 -24.2% 05/90 361.23 09/90 306.05 4 -15.3% 05/91 389.83 06/92 408.14 13 +4.7% 05/97 848.28 ? ? 9 +23.6%