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


To: FJB who wrote (18506)7/15/1998 8:10:00 PM
From: acidman  Read Replies (2) | Respond to of 25960
 
I dont know what their methodology is but it seems to agree with mine.

If the price goes down after a large block, its a sell.
If the price goes up after a large block, its a buy.

Now you'll probebly say "You dont know what you are talking about because the price just went up and up and away, soon to break 20"

I would say "Shorts covering. And the price did go down a little for a moment on the large trades soon to go up due to the hundreds of little short buys covering."

Personaly I think Cymer will go up into its highs, but not this time. How many times have you seen Cymer go from the 15's into the 16's and 17's to go back down into the 15's. The higher it goes just before it drops down into the 15's, the closer we are to break into the highs.