Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: TideGlider who wrote (8566)	11/6/1997 8:57:00 PM
From: Kingpin	Read Replies (1) of 25960

I thought that Ms dowgraded Cymer at about 31 and that seemed to be the nail in the coffin. I follow many stocks and I could be mistaken. It seemed to me that ole Cymie was hanging from a thread bouncing around the low 30's when MS jumped in and said Duh.......Something could be wrong here and recommended that the house take their money off the table. Or yes short it out right. I worked at Lehman Bros for years and saw these guys operate. If they were shorting the stock it was hush hush. Especially, if they were underwriters which I believe MS was. I am telling you these guys are cowards. When Cymie moves back up they will see the opportunity to look like geniuses. These guys get paid to be right . They very rarely go out on a limb. That is why MS finally threw the towel in at 30 or so .Monty looked real smart pushing it down from 38 to 30 while MS just stood there telling their clients to be patient. These guys are just like us . The lower the stock went the more pain they suffered. And finally when the pai got too great and the stock looked ripe to go lower they delivered the death blow. I hope my recollection of this is accurate. I could be thinking of Boston Chicken or somethibg.

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