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Technology Stocks : Cymer (CYMI)

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To: Rob C. who wrote (21343)3/16/1999 3:25:00 PM
From: Guy Gordon  Read Replies (1) of 25960
 
RE "I didn't like the action today....sold all at $25.00"

Looks to me like a fight over the options expiring Friday. The stock is up nicely on an upgrade, and then sells off all day long. Those trades a 3:30pm Monday sure look as if the MSDW upgrade leaked.

But I think you made a mistake to sell. Even if the options sellers can keep the price down to 25 till Friday, (possible on such a thinly traded stock) I expect it will go up after that.

I'm long the stock at 22 3/8 and the Mar 22.5 calls at 1 9/16.
I expect I'll sell the calls soon rather than have them add to my stock position on expiration.
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