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

To: acidman who wrote (19910)	10/19/1998 8:56:00 PM
From: advinfo	Read Replies (1) \| Respond to of 25960

Shorted Cymer today at around 9 3/4. What's your expected gain, maybe a point? IMHO, the risk/reward is on the long side at these garage sale levels. Happy Trading, NorthStar

To: acidman who wrote (19910)	10/20/1998 1:44:00 AM
From: Gemini	Read Replies (1) \| Respond to of 25960

>>when the rate is cut the stock market actually goes down in the long term. And when its raised, the market goes up in the long term.<< Acidman, Get your hands on today's Investor's Business Daily. O'Neil, the publisher, believes we may have seen the bottom of this bear market. One indicator -- the lowering of the Discount Rate -- is a very BULLISH sign. Another strong indicator is when one of the three primary indexes (Dow, Nasdaq and S&P 500) gains 1% or more in a single session on substantially higher volume over the previous day. Last week we saw both the Nasdaq and Dow do just that. Today the Nasdaq duplicated that feat which just adds strength to the bull argument, plus we had more stocks reach new highs over new lows for the first time over the past several months. Cymer has been up six out of the last seven sessions on higher volume. Sure you might make a quick buck going short, but the risk/reward payoff going forward is a no brainer if one is patient. Best of luck, Allan