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Technology Stocks : Cymer (CYMI)

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To: Bob Campbell who wrote (13707)1/30/1998 5:23:00 PM
From: D.J.Smyth  Read Replies (2) of 25960
 
Bob, we heard a rumor that DLJ was going to lower their rating on Cymer from a buy (primarily because DLJ was at the selling trough in the $15s to $17s for the past three weeks). i called in reference to this rumor and on behalf of many individuals. Cymer put me through to Angus as our concern regarding the consistent volatility of the stock and the obvious "front running" being performed by analysts relative to Cymer. unfortunately, as NYC says (paraphrased) "what is generally obvious, usually isn't" we followed Angus' very concerned comments. Cymer's been another presstek for us, an experience i've not enjoyed. we believed jay would drop his earnings substantially and keep the stock at neutral (seemed logical) because of our conversation with Angus. turns out Jay saves the ... day. glad for the longs it moved up. i'm ticked at myself for not guessing the possibility that jay and harkness would perform the ultimate reverse labatomy on Cymer's price. come on $.40?
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