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Technology Stocks : Cymer (CYMI)

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To: Tsaen Wang who wrote (8544)	11/7/1997 3:53:00 AM
From: Curlton Latts	Read Replies (1) of 25960

Tsaen: >>few traders,as opposed to analysts or brokers, actually understand what high tech companies do<< That's how these situations are created where big money can get sucked into mistakes by Investment Banking houses looking for egregious fees for doing nothing. Institutional clients fall for the sucker bait. The convertible noteholders think they can make money by wholesale shorting their entire conversion equity into a thin stock; scare out weak shares; then rake in a short sale trading profit. They forgot just one thing - by throwing away the note's equity sweetner through the short sale they've essentially 1)gone naked up to $47, so if share demand remains strong in CYMI they lose money up to $47 and 2)now that they've tossed away their equity sweetner they make a big $O goose egg above $47. OOOPs the investment banker forgot to mention that (he couldn't have been just trying to get a greedy fee out of this). What makes me laugh is all the joker shorts who come out of the woodwork and tell you "there's a bomb in the factory" or "gas leaks" and then have the nerve to tell you noone has ever tried to "manipulate" a stock in the 300 year history of the exchange and that the professional legitimate Street investors would rather hang themselves than do such a thing. Ha! Fact of the matter is any idiot with a large enough checkbook can go into a market of a thin float stock like CYMI and wildly, recklessly short 3.6 million shares resulting in actually driving down the price. What that idiot can't do is prevent himself from losing money later when he tries to cover and there aren't any shares available to do so. Remember to ask your broker to take physical delivery of your CYMI shares or have them put them in a separate cash account apart from your margin account so they can't be lent out to be shorted without your knowledge. It is the surest way to hit them where it hurts - just like downtown. Good Luck To Each And All Curly ~~~~~~~^^ [6.6] .....> [_]

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