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Technology Stocks : Cymer (CYMI)

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To: sepku who wrote (15060)2/26/1998 12:33:00 AM
From: Curlton Latts  Read Replies (2) of 25960
 
Style:Thx for short interest info which has explosive implications for CYMI. The Knucklehead Smith that shorted a Queen Mary shipload of CYMI stock last Sept.-Oct. is so stuck that he hasn't been able to cover nary a share while the stock has rocketed up 50%. In fact an additional 100 thou shares had to be shorted to keep the lid from blowing clean off.

Sooner or later the pressure on this huge exposed short position is gonna be too much to bear and this stock is gonna kite higher faster than you can say "Bob's your uncle".

It is now becoming very clear that the sky is the limit for CYMI's earnings growth and the stock price will quickly reflect that reality. If you're short you need to try and inch your way out on dips, sell puts and, in the end, you will just take a plain black and blue beating in the market anyway.

Needless to say, one way to really squeeze this short position is to ask your broker for physical delivery of your certificates or have your shares placed in a separate non-margin cash account so they can't be lent out to be shorted.

Good Luck To Each And All

Curly
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