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Technology Stocks : Cymer (CYMI)

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To: Rob C. who wrote (17433)5/11/1998 7:06:00 PM
From: Curlton Latts  Read Replies (2) of 25960
 
CYMI is way oversold and overshorted. This stock will set records for price appreciation when the time is right. In the interim there is a quiet desperate struggle to obtain shares on behalf of the short interest. There have been people here who have recommended writing covered calls - a terrible strategy. No one should take equity risk with a upside ceiling for a puny option premium. Witness the following gentleman who, for the first time ever writing covered calls saw his CYMI shares assigned away to the short interest looking for shares.

techstocks.com

The best thing to do do is sit tight. The earning is in the sitting.

Sooner or later the outstanding fundamentals will begin to manifest themselves in the reported results. By then the stock will already have taken off upwards. If you believe that semiconductor chips and technology are a big growing part of the future then that's all you need to know.

My shares are all in a cash account (not a margin account where the broker can lend them out to be shorted without my knowledge). That is the best way to ensure that eventually the huge short interest will take it *in* the shorts (pun intended).

Good Luck To Each And All

Curly

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