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Technology Stocks : Cymer (CYMI)
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To: Zeev Hed who wrote (13776)1/31/1998 9:37:00 PM
From: Yakov Lurye  Read Replies (1) of 25960
 
Zeev, I know that you have no position in CYMI and are trying to time the entry, I simply did not (and still do not) understand the logic behind your statement. We both agree with assumption that company was not a major buyer yesterday. Barring the assumption that company was buying back stock, almost 3.5M shares were redistributed between market participants at 10% premium to previous close - what's wrong with that?

BTW, action on MU immediately after the first upgrade was very similar (and, as you've pointed out yourself on this thread, the upgrade justification was based on similar logic - current quarter looks bad, but there are reasonable chances that the situation will improve). I am not comparing CYMI with MU, just pointing out that this type action does not mean that the stock is bound to tank.

Yakov
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