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Technology Stocks : Cymer (CYMI)

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To: SMALL FRY who wrote (14174)2/5/1998 2:23:00 AM
From: Yakov Lurye  Read Replies (2) of 25960
 
Trading volumes for the last four days:

3.705M+2.118M+1.48M+3.076M = over 10.2M shares traded at $16+

(This is NASD, so many trades are double-counted).

Out of 4M short interest reported as of Mid-January, at least 2.2M are shares shorted by bondholders, which leaves 1.8M "uncovered shorts" at the time.

Given the last 4 days volume, I think the short squeeze (if it ever existed) is over. Time to start watching SOX trends again.

Just an opinion,

Y.
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