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

To: Gary Metzer who wrote (17709)	5/22/1998 10:23:00 PM
From: Zeev Hed	Respond to of 25960

Gary, the only method that worked for me is raising my stop losses as the stock rises. Of course you do get a good 30% false alarms, namely the stock violates a rising pattern just to resume it two weeks later, leaving you on the side lines. The other approach is simply to decide when you buy a stock at what price you will sell it (both wins and losses). Good luck. Zeev

To: Gary Metzer who wrote (17709)	5/23/1998 12:01:00 AM
From: Mr. Aloha	Respond to of 25960

I sold some stock at $25.25 the morning after SVGI reported earnings, right before CYMI. I was reading the financials from others and the SVGI backlog figure triggered it for me. I felt that my low-ball projection would be about right when I read SVGI's. The only way to know is to go with your gut feeling. But you need to have a smart gut that's made mistakes in the past. I used to buy and sell to quick and get burned. With Micron I literally bought and sold at the worst moments for about two weeks (approx. 5-8 trades). I lost 2-3 points each time, it was very expensive day trading. Probably the most important element is LUCK! I'll buy more Cymer when things cool off. The run-up in 1996 after the bottom was one of the most profitable runs in tech stocks :-) Aloha

To: Gary Metzer who wrote (17709)	5/23/1998 6:22:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 25960

Does anyone out there have a method they have found useful for taking profits from a company in CYMI's situation with fantastic potential down the road but uncertainty for the near term quarters? Gary -- I find myself in your situation almost every day. My only solution is to take profits in a portion and keep a core position. I did that in CYMI. Kept about 20% and then started watching it like a hawk. I still don't have a full position, but don't think there's any mad rush, either. There's a lot of wisdom in the adage, "Sell when everyone else is buying and buy when there's blood in the streets." This time I bought when blood reached my feet. Zeev waits till it hits his knees. :) If you have to choose, listen to Zeev. Later --- Pat