exactly, the dumping of the notes and their par value falls, which occurred, caused the dumping on the stock price, the stock first fell, the notes then fell causing the stock to fall more. NO FUNDAMENTAL CHANGE. state street obviously sold their shares and they probably advised their clients to sell the notes. the selling of the notes precipitated the recent free fall in the common stock. shorts noticed the falling par on the notes and shorted - they then tried to find the reason in the S3 (which i can't find) based on information supplied them by MS regarding Cymer's lasers not the note offering, which no doubt came from their analyst. or at least there's no public information.
the answer to Cymer's stock free fall could be found with Cymer employees. if they were selling, then there's a problem. if they weren't selling, then things are most likely very normal. if anyone is aquainted with a Cymer employee and can ask them, it would be good to hear back. this would not be considered inside information by asking an employee what he thought others at Cymer were doing, but an unverifiable "rumor" (in my opinion)
anyway, looks probable from the selling as to which followed which in stages |
