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


To: Rob C. who wrote (20878)2/1/1999 10:34:00 AM
From: Ian@SI  Respond to of 25960
 
Rob,

I suspect this is a head fake. After the astonishing gains last month, it's probably to be expected that there may be some who've decided to take profits.

Article in WSJ today gives the last quarters earnings growth. Which was much better than anticipated by the talking heads with high tech blowing them away -- +61%.

PCE was up more than expected today. That consumer spending is likely to be seen as higher sales and higher profits in the next quarter's reports.

In any case, it's your money. Only you can decide when fear overrules greed in your particular instance.

My greed is just getting started. ;-)

Ian.



To: Rob C. who wrote (20878)2/1/1999 1:27:00 PM
From: Hoa Nguyen  Read Replies (2) | Respond to of 25960
 
Well, I'm out. I was expecting CYMI to go over $30 today, but since it retreated earlier than I expected, I decided to take my 70% gain and pull out.

The current talk about CYMI on this thread just resembles so much the talk on the QCOM thread a couple of years ago. Great expectations, industry dominance, etc. I expect the market makers will play this stock the way they played QCOM. A big run up prior to each earnings report, then a big crash after the earnings are out, even for a good report. I expected the run up to last until the end of the day, but evidently it's ending a little earlier.

I'll be back in below $20 again.

Good luck,
Hoa