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

To: FJB who wrote (18378)	7/7/1998 3:58:00 PM
From: Zeev Hed	Respond to of 25960

Robert, I still think we are on schedule for SOX 280 and CYMI at 20. I am more worried about an exit strategy, since the overall environment (Asia and Europe) indicate to me that weakness later will indeed be on the strong side. Right now, however, everything looks quite alright. There no excessive exuberance (well except the internet stuff), the tick does not go to extreme, which to me means that rally has some going to do yet. Zeev

To: FJB who wrote (18378)	7/8/1998 9:16:00 AM
From: Yakov Lurye	Read Replies (1) \| Respond to of 25960

I think (although that may be wishful thinking) that we are following the patterns established in previous quarters. If this is the case, CYMI performance in July will resemble what happened in January. Among similarities: talk of possible semis recovery starting two-three quarters down the road, sector badly beaten up, which should attract some institutional money looking for good risk/reward ratios, etc. Notably, MU is already in upward trend despite very poor immediate fundamentals. In January market had a bad week in the beginning of the month, then started recovering. CYMI hang around 15 till the end of the month, trailing the slow recovery in larger semis. The turnaround came after the CC . Looking forward for a good August (with possible short term scares this week). Y