Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Yakov Lurye who wrote (12422)	1/8/1998 4:50:00 PM
From: D.J.Smyth	Read Replies (1) of 25960

Yakov <<Any particular news causing the last moment selloff, or was it just in sympathy with broader markets?>> it's become a market tradition to selland/or buy your tech position 30 minutes to close. most selling is generated from programmed trading. programmed trading represented nearly 23% of all trades in December according to the Dow Jones. programmed trading has obviously been centered on the technology issues, especially semis - they sell these issues because they can, then buy them back when selling volumes dry up from the "small investor"; the selling has little to do with fundamentals and much to do with deja vu

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