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Technology Stocks : Cymer (CYMI)

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To: Trader J who wrote (19258)9/2/1998 5:38:00 PM
From: Zeev Hed  Read Replies (1) of 25960
 
*OFF TOPICS*
Jeff, I was in ABTX for almost a year and a nice ride, I got in last year when their CEO exercised a bunch of options (which were actually almost at market), rode it until the beginning of the short raiders, Have been out for months now, one of my better rides (HAUP and COO were a little better). The problem there is that the shorter want to short ABTX to death. Because of its high leverage, it is susceptible to bigger declines if we go into a recession. They may have made two or three acquisitions beyond their ability to absorb these. Yet, quite an aggressive management and gutsy too. I'll stay out for now and see if it can hold the lows of last week, I doubt it will.

By the way, I am not in CYMI right now (and I am almost out of everything, just sitting on cash and seeping tea <VBG>). It is a great company, but they may suffer more than expected in the next two quarters.

Zeev

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