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

To: pat mudge who wrote (17847)	5/29/1998 3:58:00 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 25960

The jump up in Cymer price is especially a surprise in light of the horrible downside on the SOX index and other Cymer-like stocks today. I think Cymer gives some back.

To: pat mudge who wrote (17847)	5/29/1998 7:40:00 PM
From: Roadkill	Read Replies (2) \| Respond to of 25960

Nice move up today on strong volume. Particularly impressive given the weakness in other SOX issues. Also closed near the day's high. Regarding your post: Interesting response. I only take exception to one point: >>This is all to say I don't see any reason why CYMI should test its 52-wk low --- considering the worst of the Asian economic slow-down is behind us. << It's still too early to tell if the worst of the asian crisis is behind us. If it is, I agree that there is no reason for CYMI to re-enter the 15s, barring a market meltdown for other reasons. If the asian uncertainty continues, I think today's move was an abberation. As I recall, I think CYMI bounced strongly somewhere in the high teens last winter before finally bottoming out. I believe that the market correction has not run its course, so I would be surprised to see any significant CYMI follow-through. If CYMI confirms today's move next week, I'm probably a buyer. Having said all that, I'm still not convinced that we won't re-enter the 15s sometime in June or July. Continued CYMI uptick volume or a stabilized market would change my mind. In any event, it appears that we agree on the long-term fundamental value of CYMI. In three years, I'm hoping that we don't care whether we bought at 15, 20 or 25, as long as we bought. RK