Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Mr. Aloha who wrote (13816)	1/31/1998 4:11:00 PM
From: p friend	Read Replies (2) of 25960

Why don't we examine the possibility that the only reason the stock went up Friday was due to Cymer buying under their new $50 million share repurchase plan. The board must have felt the stock would tank when they realized what they were going to have to report for the quarter and looking forward. They approved the repurchase the day before earnings announcement. After the announcement everyone on this thread looked at the news as "bad" or "very bad." Maybe Cymer was in the market buying over 16 at the open and all day Friday. How much of the $50 million did they spend already? Maybe the stock will drift south as soon as Cymer stops supporting it. The upgrades were certainly not "strongly positive."

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