SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: Guy Gordon who wrote (21610)4/7/1999 5:44:00 PM
From: Ginko  Read Replies (1) | Respond to of 25960
 
RE: Price Support

Guy -

I am using old-fashioned support / resistance lines on a 1-year price chart.

stockmaster.com

The adage - old support becomes new resistance & old resistance becomes new support rings true for CYMER. During the 9/98 selloff - we broke 15 and fell hard. When we pierced it on the way up in mid November '98, we tested it a few times (even breaching it by a small amount in early January) - only to explode to the 20 area.

In short - imho - we will test 15 - 16 area. If we bounce off of it, I am fully invested again. If we break it by more than two points - I will be very surprised and concerned. I don't think this will happen.

Regards -

Tom