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Technology Stocks : Cymer (CYMI)

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To: Maxwell who wrote (5166)10/15/1997 7:20:00 AM
From: H.J. Schellenberg   of 25960
 
Looks like a clean sweep for Cymer. As I said before, I guess stepper makers are "risk intolerant" businesses run by engineers. If Cymer is working fine, getting them to give up Cymer lasers will be like prying fresh meat out of the mouths of starving wolves.

I fully loaded with the Oct 30's at 7/8 and look to double my money by this time next week. I love a Thursday earnings release with a Friday expiration of options. The short are going to piss their pants when Cymer releases and they have to "buy to close" on their puts Friday.

I remember a similar situation with AMD. I was holding the October Calls and AMD came out with higher than expected earnings the day before the options were due to expire. The options just kept climbing all day as shorts had to buy back at any price they could get. The stock went up, but nowhere near as fast and furious as the options. Traders were desperate and the last hour of trading saw the options climb a lot. Hope this happens again!
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