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

To: Rob C. who wrote (18063)	6/13/1998 10:40:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 25960

Robert, I am not sure we are getting a bounce Monday. Japan announced it being formally in a recession (and a doosy for that) after the close of their markets. The Nikkei could easily drop 500 points Sunday night and carry with it the rest of Asia (a vibrant Japanese market was supposed to be the cornerstone of the Asian malaise rehabilitation a recession there means a depression in the neighboring countries, a possible additional round of currency devaluations and few other unpleasant event). When Europe and then Wall Street wake up Monday morning, there will be red on many screens. Since CYMI did not even participate in the late day rally of some of the tech, I do not think it is ready yet to bottom. How low? I do not know, but the 13' could be in the cards, who knows, if the market becomes very irrational (look at WFR selling at almost half book value and .5 PSR), you just step in there in front of the freight train and wait until early July to recover from the bruises. Zeev