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Technology Stocks : Cymer (CYMI)

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To: Greg Jung who wrote (19927)10/20/1998 3:53:00 PM
From: acidman  Read Replies (3) of 25960
 
I think i still have some cash left to short some more. I am going to stick to my plan. Short, short, short. I was getting worried with AMAT going up so much. I was almost positive that nothing had changed for the better, but the overall market mood had me thinking that the buying would continue on for some time. But today's action has given me more control. AMAT back at around were i started and Cymer will soon follow it down. Things turned around quickly today. MM are playing games again. IMO, what happened in the last week or so: MM wanted to get out some more of thier position, so they uped the price were the shorts had to cover and buy. And with the market mood, the avg investor, thinking that the end was near, bought some more.
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