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Technology Stocks : Cymer (CYMI)
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To: Jess Beltz who wrote (8383)11/5/1997 7:57:00 PM
From: Rodney Lockhart  Read Replies (1) of 25960
 
Jess,

I agree. Also Cymer hasn't traded many shares at $47 or above since the convertible notes were issued. The 3.6 million short interest was established at prices well below $47. If someone had to covert to cover a short position... he would have a loser.

However, note holders may have decided to short the stock after Cymer pulled out of the conference. They would have been in a good position since they wouldn't need to worry about a short squeeze.

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