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

To: Czechsinthemail who wrote (19941)	10/21/1998 5:53:00 PM
From: Darryl Olson	Respond to of 25960

I agree with your assessment. At best, we are probably one quarter away from turning the corner. More likely 2-3 quarters. My opinion on the run-up this week: 1) Discussion in the WSJ that there has been some rotation out of large caps into smaller caps. 2) IBM earnings and the notation that PC sales are strong. 3) $500mm investment in Micron by Intel. I believe Intel whispered that they were trying to protect themselves from a future dram shortage. Some investors may have interpreted this as a wake-up call. It should be noted that the run-up occurred on relatively light volume. The sharks may be starting to sniff but the feeding frenzy has not started.