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Technology Stocks : Cymer (CYMI)

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To: Mr. Aloha who wrote (14124)2/4/1998 3:11:00 PM
From: Curlton Latts  Read Replies (2) of 25960
 
It IS more than possible to have a short squeeze with 10 mil float!

You forgot that we are about to start a share buyback which will take 3 million of those float shares out of the equation. That leaves 7 mil shares total available to be bought to cover. That's 60 % of the outstanding float that has to be bought to cover the short.

OUCHEE!

To top it off fair value for the stock is ~$60 per share.

DOUBLE OUCHEE!!

Good Luck To Each And All

Curly
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