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Technology Stocks : Cymer (CYMI)

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To: D.J.Smyth who wrote (1791)9/15/1997 1:44:00 AM
From: LzzrdKing   of 25960
 
Morgan Stanley was on the offer on CYMI all morning, and on the bid in the afternoon Friday. This means two possibilities

1 they were shorting and then covering
2. They are buyers thru another market maker but holding the price down, and then when the price went under 30, they were buyers directly.

If I was CYMI, I would pick up the phone and talk to my underwriters and other big houses making a market in this stock. I would tell them that if they want to see any investment banking business in the future, they better step up to the plate soon and make some positive comments...If it is as CYMI says, that there is nothing wrong with the equipment and Nikon is not having problems, there is no reason that the houses can't come to bat for CYMI here.

I expect to see some buy reiterations coming out this week...
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