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Technology Stocks : Cymer (CYMI)
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To: Robert DeHaven who wrote (7802)11/2/1997 11:13:00 AM
From: Steven Angelil  Read Replies (2) of 25960
 
Bob, how can you be surprised if we break 22? Hell, we are pretty much there already! Don't you think Cabot's sell will at least drop the stock for the open? I am mentally preparing myself to see the stock bidding 20 or high teens tomorrow around 9:30. I do agree however that the turnaround will be swift. All of those 3.6M shares that are short will be trying to cover at the bottom, which I think may take place Monday morning. This massive buy to cover spree will hopefully be the catalyst for the MM's to bounce the stock, and fast. I must admit, I feel defeated and demoralized. If I didn't know better, I would be selling or would have already sold this past week. My biggest fear is that the stock gets beaten down some more and STAYS down. That would be the worst case scenario, but it seems that it would be almost impossible, considering the short interest of 1/2 the float.

Steve
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