Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Curlton Latts who wrote (7798)	11/2/1997 9:12:00 AM
From: Robert DeHaven	Read Replies (2) of 25960

Curl Man: The bonds are indeed a symbol of the once strong institutional interest in this stock. The stock price seems to indicate that some of that interest has diminished. I am wondering who has sold during the past quarter (institutionaly). Bloomberg updates holders of the stock from 13D filings...only one has updated as of 9/30 and that is George Bjurman "increased" his holding by 95k during the period ending 9/30. TA on CYMI... the picture is a cascading waterfall...previous support at 25 is broken and that was a serious event. Friday, there was some definate accumulation at 23 according to the Volume at Price report from Bloomberg friday almost 500k was purchased there average trading price 23.75 Friday. What is your TA on CYMI Curl Man....? Sidenotes: Institutional clients I see are asian cutomers (mostly Japanese)....they have been buying since earnings came out at @28 and less... Needham was the bid seller last week....more punishment for the conference pull-out? I believe the only true buyers of the stock are DLJ, MONT and they haven't been buying lately....all the others are short term...shorting the stock. In my opinion the stock is at or close to its bottom I would be very surprised if we broke 22....unlike WSTL from last year when their stock went from 50+ to 8 5/8 in much the same manner as CYMI this company is making money, has increasing revenues and has a technological lead in the market. The reversal will be soon and swift...hold on to your shorts. Good luck to all. Bob

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