Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: jeffbas who wrote (15999)	3/25/1998 12:20:00 PM
From: Mr. Aloha	Read Replies (1) of 25960

(OFF TOPIC) There's all types of reasons to cover or get squeezed to cover. When a stock takes a sudden turn upward on heavy volume it's either a suckers rally and the stock's in trouble or something's usually up.. None the less, it makes people concerned and with 10 million short on a 22 million float they might want out before trouble. Remember Centennial Technologies (CTN)? something like that? They made peripherials for laptops (modems etc..) and fell from something like $30 to about $2-3 when it was disclosed that the company was full of s*it etc.. - That was a classic squeeze because all those shorts that were right had to cover quick while they had time. The stock went from $2-3 to $9+ in one day as everyone panicked - then the company and the SEC shut down the trading at about 2:30pm and the stock hasn't traded since. So what's up with APM?? I have no idea but you never know?? Today's trading is mellow. Aloha

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