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

To: Nevin S. who wrote (18840)	7/30/1998 11:34:00 AM
From: acidman	Read Replies (2) \| Respond to of 25960

<<<Read the Adams Harkness note and I can understand lowering earnings estimates but the comment that Cymer is facing "...increased potential competition" strikes me as odd.>>> Odd but true. Thats probebly one of the reasons we have been seeing so much large selling. The small investors are the last to know. I'll bet that most people here will just ignore that "potential competition" statement, dismising it as delusional ravings of a lunitic. I like those statements that I have seen people make around here : Analysists know nothing, we know everything; ignore them. Here is the truth : 1) Large selling. 2) Estimates lowering, increasing future P\E of an already overvalued stock. 3) Posible "potential competition". 4) Large company dept. 5) "...challenging market conditions that are expected to continue for the foreseeable future..." from the PR. Before I was planning to get back in at around 12-13. Now I see that 8 is more like it.