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


To: Duane L. Olson who wrote (21189)2/25/1999 1:52:00 PM
From: Curlton Latts  Read Replies (1) | Respond to of 25960
 
Duane: >>>The 50 Day MA...Considering setting that test as a buying point -- would you think that sounds reasonable?<<<

I typically like to buy stocks that are breaking out after showing support. I don't buy/sell on the 50 DMA, although some do. You should do what you think, not what I think.

I like the company, I like the fundamentals and I like current industry conditions as a buying opportunity. If you believe that CYMI will big a major DUV laser source then even conservatively at 70% market share the company will be a big winner. At the last cycle peak there were 1000-1500 stepper being produced annually. 70% of 1500 is 1050 times an ASP of $875,000 equals revenues of $900 million *before* significant service revenue. Clearly a $1.0 billion revenue company is worth many times the market cap that CYMI is currently being traded at. The time to buy the semi-equip companies is when the P/E's are useless, like they are now.

Good Luck to each And All

Curly

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