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Technology Stocks : Cymer (CYMI)

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To: Wayne who wrote (12667)1/15/1998 4:02:00 PM
From: John Bloxom  Read Replies (7) of 25960
 
Here's why the stock is trading down:

CQG Jan 15 CALL - CYMER INC (CYMI)

Open Int.: 313,000

CQG Jan 15 PUT - CYMER INC (CYMI)

Open Int.: 163,000

Best price for the M/M's as of tomorrow's close: $15.00 (both contracts go into the trash).

Last price I saw this pm : $15.125.

You gotta admire those guys in a way, you know. If they can hold the price here for one more trading day, they'll succeed in rendering worthless the very contracts they sold.

That's my read, anyway.

Regards,

John
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