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Technology Stocks : Cymer (CYMI)
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To: IMPRISTlNE who wrote (8881)11/10/1997 9:10:00 PM
From: Orhan Birol  Read Replies (1) of 25960
 
Good thing I did not buy any! The way the market is acting you are better off in the sidelines. There are very few tech stocks not having broken thir support. Times like this, I would buy puts to hedge my position. If you are lucky and the stock turns up, a cheap premium on
a near term option is not much to sacrifice, as this stock can fly with the thin float and large short position. But know that it has broken below the crash level, there is no way to tell where it will bottom.
Good luck,
Orhan
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