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Technology Stocks : Cymer (CYMI)

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To: Rob C. who wrote (20648)1/18/1999 7:29:00 AM
From: Mark Ivan  Read Replies (1) of 25960
 
Robert,

Great trade. I totally played CYMI wrong going into the new year. I thought that people were going to take profits in the equipment sector come January, and exactly the opposite happened. Another lesson written in my book: "Don't go short Calls in January" My book is getting bigger. Should have stuck with my original plan of just buying PUTS with every 5 pt increase and let the long position run. Hind sight.....

At any rate, may reenter CYMI, not sure yet. It probably won't be for a while though. My taxes are going to be hell with this stock.

Mark
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