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Guy,
I added Cymer to my database to watch. It's an interesting one. The
chart looks like a classic CANSLIM type break out of a five month cup except
it didn't quite have enough volume. I also don't like to trade stocks that
break out of the top of up trends, but that can't happen with my short term up
trends. I use Raff Regresssion channels for my short term up trend channels
and always stretch them to the right on new highs <G>. Also, it is still in
the lower part of the intermediate term up trend channel that can be drawn
from the first day of trading and the April low now that we have a new high.
Looking at the numbers, the bad news is the PE of 56 and the PSR of 6.33.
This is offset by the 76% insider ownership, low debt, and 245% revenue
growth and over 6000% earnings growth last year. If I had excess funds I
might take a flyer on this one, but I'd watch my stops closely <G>.
Jim
-----Original Message-----
From: Guy Gordon
Sent: Friday, May 23, 1997 2:22 PM
To: metastock-list@xxxxxxxxxxxxx
Subject: CYMI Breakout
Cymer Inc. (CYMI) broke out today, through the TOP of its short-term
uptrend channel, making a new all-time high.
Hey Jim, I'm usually very cautious when this happens, (case in point
Data Race RACE) but in this case I'm tempted. Still, the PE is a
pricey 60. What do you think?
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