Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Emile Vidrine who wrote (8298)	11/5/1997 1:35:00 PM
From: Crossy	of 25960

Emile, Your scenario makes fine sense. Thanks god for CYMI that convertible had a fixed conversion rate of $47 attached to it. So they can't short more as the stock went down. The case of a floorless convertible (where the conversion price is NOT fixed as in this case) is the actual dangerous scenario. Wild up & down raids are the common scenario in such a context. The 50% drop of CYMI from its highs was NOTHING against this... also long since today, CROSSY

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