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Technology Stocks : Cymer (CYMI)
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To: LzzrdKing who wrote (7219)10/29/1997 7:59:00 PM
From: mark mallen  Read Replies (2) of 25960
 
The only reason CYMI gapped up today was because the market makers wanted to make some easy money on the shares they were holding from the day before. It has closed weak the last two days but it looked like it had a lot of support around 26. I agree with you that it won't make a major move till it is upgraded. It does not matter if we all think CYMI is a great company. What matters the most is when the institutions start buying in. If Datum got upgraded after the beating it took, it is possible that an analyst will upgrade CYMI also based on its low price.
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