Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Christopher Adams who wrote (1845)	9/13/1997 12:33:00 PM
From: D.J.Smyth	of 25960

you must distinguish between clients served by JP Morgan and JP Morgan's own trading desk. it is quite possible that clients served by JP Morgan requested the CYMI be sold, even if Morgan advised against it. but for Morgan itself to sell CYMI would be ludicrous. it would be nearly impossible for an outsider to know if Morgan was selling their own stock since this task is generally handled by one or two traders within Morgan whose job it is to help make a market in the stock. given Morgan's unabashed long term standing "strong buy", it is doubtful that this has been occurring. generally, these traders assigned to CYMI don't talk for fear of losing their jobs (they pull down at least $500K a year, so why they would sacrifice this salary/commission by letting someone on the internet know they were selling isn't reasonable). if they are supporting a stock, they will call traders at other banks/brokerages to assist in the support. if all the bad news about CYMI is out that is coming out, then CYMI is underpriced at the current level

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