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


To: TechHunter who wrote (19963)10/22/1998 5:39:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 25960
 
Tech, there is some very serious resistance in the 14 to 14.5 area and we are very close. Yet, a lot of the semi are showing breakout pattern, and once these take, it is tough to stop the move. I should point out that the latest BTB for the industry was .57 and at that point can it go any lower? (sure I said the same thing when the BTB was at .7 <VBG>).

I have started taking chips off the table since Tuesday (prematurely) still expecting a final seasonal whack from institution taking year end tax losses. They have until the end of the month and I therefore still think that we may see some opportunity at lower prices, but if we break through 14.5 it will be at 20 before the end of the year, IMHO.

Zeev