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Technology Stocks : Cymer (CYMI)

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To: Jess Beltz who wrote (8383)11/5/1997 7:36:00 PM
From: TideGlider  Read Replies (1) of 25960
 
Jess: You are correct as far as I can see. It is common practice
to short and retain the bonds. You have a downside in the short
failing if your bonds are gone. It is like shorting against the
box with interest. A common plight of IPOs , though generally not
as well situated as CYMER. This was rather uncommon...late in the game
so to speak. Possibly the stock matured faster than they anticipated.

Bruce
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