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

To: Ian@SI who wrote (21058)	2/8/1999 10:36:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 25960

Ian, we call it "whipsaw" in the trade. The trick is to absorb the hard hit to the ego, look in the mirror, say to one self "Idiot, you were wrong, jump back on...". Done it many times with CYMI and VECO, and quite few others, most of the time it works fine, and if you miss one move, there is always the next.. Of course, you can stay put through ups and down, but I do not have the constitution for that, I just don't like to be down 50% on anything for any period of time, no matter how short. Zeev

To: Ian@SI who wrote (21058)	2/8/1999 10:37:00 PM
From: orkrious	Respond to of 25960

made the same bet re AMAT and NVLS and lost. IMHO, you can trade these stocks, but you are much better off buying when there is blood in the streets and holding (my first mistake on CYMI was buying almost 1 1/2 years ago at 24 when the blood wasn't waist high). Not only do you miss out on some big moves by trying to time it, you have to time it perfectly to even come close to making up the difference between a 38% short-term tax rate and a 20% long-term rate. In a case like CYMI's, with a near monopoly, superb management, and a critical enabling technology for smaller, faster, and cheaper chips, all you can do is buy the dips, hang on tight, and sell in about 2-3 more years. All IMHO Jay

To: Ian@SI who wrote (21058)	2/8/1999 11:07:00 PM
From: Investor2	Respond to of 25960

Re: "I made the same bet re AMAT and NVLS and lost." I understand where you're coming from there. I made the same bet on several stocks in 1998 and "lost." But, in this case I have more than a double in three months, which isn't that much of a loss. Best wishes, I2

To: Ian@SI who wrote (21058)	2/9/1999 2:03:00 PM
From: BillyG	Respond to of 25960

Hitachi unfreezes capital spending to upgrade DRAM fab semibiznews.com A service of Semiconductor Business News, CMP Media Inc. Story posted noon EST/9 a.m., PST, 2/9/99 TOKYO -- Hitachi Ltd. here has made a last-minute addition to upgrade its major fab at Hitachinaka, Japan. The company added $90 million to its semiconductor capital spending, boosting the tab to a total of $440 million by the end of the current fiscal year on March 31 Last fall, Hitachi froze all of its chip-equipment investment after incurring major net losses. However, a spokesman said the company decided in spite of the profit loss to invest more to increase the capability of its leading DRAM fab. He confirmed that Hitachi's chip division is expected to incur operating losses of nearly $1 billion in the current fiscal year. The parent firm is expected to report a net loss of $3.3 billion for fiscal 1998. In another Japanese fab upgrading, Sharp Corp. said it is ramping up 0.25-micron processing at its Fukuyama plant after postponing initial production last summer in the global market slump. The fab is expected to produce 10,000 8-inch wafers a month, mostly for flash memory and SRAMs for mobile telephones and masked ROM chips for video games. -- Jack Robertson