Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nevin S. who wrote (17868)	5/29/1998 4:31:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 25960

Nevin, when I wrote that the SOX was down only some 2 point if finished down 8.44. My reasoning is based on the weakness of the leaders INTC, TXN, AMAT as well as MU, and the "need" to get into a very strong "oversold" in the segment in preparation for a good summer rally (VBG). I also was not seeing the tick getting very negative in face of weak prices, which to me meant that participants are not that bearish and a contrary opinion would be to be bearish. Add to that the failure of major supports in AMAT, INTC and other leaders and you get a market which seems to be quite weak. CYMI is shining in comparison, but I am afraid this will be only short term and it may drop with the rest of the group next week, thus my bail out this afternoon. I also bailed out of VECO, but did not get as good a price as I "think" (next week, I'll probably be sorry) I got on CYMI. I am just stepping aside and going to see how far down this falling knife will go. There is a good probability we will go straight to test the low 240' (SOX) low of the year. Zeev

To: Nevin S. who wrote (17868)	5/30/1998 12:26:00 AM
From: Brad Rogers	Read Replies (1) \| Respond to of 25960

What will be the effect on Cymi of Intel's delay of Merced? Positive or Negative?