John, today was a short day, very thin trading. You could personally force CYMI to close in the plus column by buying 100 shares at the ask at the close. Movement in AMAT was also insignificant, it was somewhat higher because it is strongly influenced by trading in SOX index, SOX closed a bit higher than on Wednesday and so far managed to stay above the critical 289 mark.
As for ASMLF, it was up today because 1)it dropped 5 points a day before on wrongly interpreted news, 2) after all, it is a Dutch company, so it had to get in line with the Dutch market that was opened yesterday.
I view today's trading as a non-event, actually the fact that CYMI did not drift lower on small volume suggests to me that shorts are not trying to attack this stock specifically.
As for APM comparisons, there are similarities in terms of large short interest and company's dependance on a small number of customers, but there are also huge differences : (1) as of now, CYMI has a virtual monopoly on its product, APM can be replaced by RDRT; (2) APM's sole customer, WDC, is in commodity business, CYMER's customers are producing unique equipment (3) for whatever reason, APM is perceived as lagging competitors technologically (behind in MR), nobody denies that CYMI's products are very advanced.
On top of this, CYMI so far has outperformed expectations and claims to be doing fine, APM came well below expectations and did not even bother to warn the shareholders.
Just an opinion.
Y. |
