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Technology Stocks : Cymer (CYMI)

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To: Curlton Latts who wrote (8321)11/5/1997 2:35:00 PM
From: Yakov Lurye  Read Replies (1) of 25960
 
Curlton,

I understand the mechanics - Emile had explained it quite clearly.
However, the initial drop below 47 was caused by CYMI management opting out of the conference - do you think that the management is into this activity too?

Again, if this scenario is correct, most of the short interest must
have been in above 30s, and Mont (suggested perpetrator) should be covering now. I thought that was the case eround 25, but yesterday somebody stated that they seem to be on the sell side?

I am sure you and Emile understand these matters better, but we need
more information about the trading patterns before jumping to conclusions. Until some houses with real buying power start buying CYMI (or a buyback is announced), share price will stay low or improve only gradually.

Yakov
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