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Technology Stocks : Cymer (CYMI)

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To: TechHunter who wrote (18514)7/16/1998 8:53:00 AM
From: orkrious  Read Replies (2) of 25960
 
TechHunter, you own 12k. I own 8500, but my friends and family members combined with me own over 25,000. If I have done my math right, we own close to 1/10 of 1% of the company. Add yours in, and we own .0013 of the company. Given that there are a lot of other people out there like us, who aren't going to sell until the price is 200 (okay, I may give up a little at 150), the float on this is significantly smaller than people think. This is one reason why it moved so quickly a few months ago from 15 to 30. Once the earnings start to take off, we are really going to see some explosive price growth. All of the institutions will want to own shares, but there won't be many available. Jay
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