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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (3124)2/18/1998 10:24:00 AM
From: Candle stick  Read Replies (1) of 18691
 
>>>The convertible is already in place and is big and
ugly.<<<


Roger I am confused. Where is this convertible? Can you point me to details about it? There is nothing on EDGAR. All I have seen announced is a shareholder rights program to protect shareholders in case of takeover attempt. The word is that 2 companies are looking to grab CYMI. biz.yahoo.com

Cymer just put in place a 50 million dollar share buyback plan and there is already a 4 million share short position that is being squeezed tightly. The stock just recently popped from 14 1/2 to 22 on all of this news.

I am lost on where the short play is. Any answers?
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