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Technology Stocks : Cymer (CYMI)
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To: John Bloxom who wrote (12084)12/30/1997 12:25:00 AM
From: craig crawford  Read Replies (1) of 25960
 
<< Craig, there are these things called charts >>

Yes, I have been known to look at a few.

<< If you can find the one on this company, you'll understand just how it is that a few days can hurt a lot. >>

So you are saying that no fund managers with any decent returns for '97 will buy a stock like CYMI that is in a decided downtrend? Do you want me to list several other stocks that are in downtrends that managed to find some buying during the rally today?

<< If you think that institutional money, in this still up 1997 year, is going to place fresh money in this plummeting issue before 1/1/97, you're flat-out dreaming. It won't happen. >>

If CYMI is a screaming buy why not? It appears to me that fund managers haven't been buying this stock for months and probably won't even after Jan 1.

<< I told everyone here the same as far back as October, and I've been right so far. Two days to go, and the issue is settled. >>

If you knew that it wouldn't have the institutional support since Oct then why did you hold it this whole time? Why didn't you sell it back then so you could buy it back at exactly the right time (the last day of the year). Then you would be in the perfect position when all the fund managers start to pour into this stock on Jan 2.

<< I understand, however that the price of the issue is affected by loads of stuff
other than the prospects of the company. >>

So what will your explanation be if CYMI doesn't start moving up on Jan 2nd? I'd like to hear the spin you put on that one.
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