SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cymer (CYMI)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mr. Aloha who wrote (14216)2/6/1998 1:42:00 PM
From: Curlton Latts  Read Replies (3) of 25960
 
There is not plenty to cover the short. There is a scarcity.

Mr. Master Of The Universe 4 Million Share Short In 60 Days Recklessly Regardless Of Price came into the market and dumped 4 million shares on the market trying to save his 700 thou share underwater short position and drove the market price from $50 down to $14. Sorry but it is only common sense (not hype) that when he covers this will drive the price right back up through $50. There are two reasons:

Number 1. A $50 million CYMI stock buyback that is a surprise not there before event.

Number 2.The underlying fundamentals of CYMI continue to be outstanding.

I know Clinton expects the public to believe that he NEVER had sexual relations with that woman. But, the plausibility of that being true is far greater than that trying to cover a 4 million share short behind a 3 million share stock buyback in a ~10 million float won't kite CYMI's stock price sky high. Particularly considering the outstanding fundamentals.

Regarding your comments about my posts being hyperbole; please refrain from personal attacks and stick to facts and issues. Thanks.

Good Luck To Each And All

Curly
~~~~~~^^
[6.6]
.....>
[_]
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext