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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (22344)	6/30/1999 10:59:00 AM
From: Robert Douglas	Respond to of 25960

For private use only: From Merrill Lynch's Semiconductor Capital Equipment, 28 June: <<It was a week of bad news for several chip makers. Micron failed to meet the streets expectation for a breakeven quarter and AMD pre-announced a worse than expected $200 million loss for the quarter. Despite these poor results both companies stated they were committed to maintaining their current capital spending plans. These two stories underscore the ongoing need for technology. Despite the near term issues that hamper the profitability of the chip makers most of the players in this arena realize that investing in advanced technology is crucial to their future. Therefore, the equipment companies that provide this enabling technology should continue to see sequential growth throughout the year. >> Merrill still has Cymer rated 1-1 with a 2000E at $1.20.

To: Ian@SI who wrote (22344)	6/30/1999 12:56:00 PM
From: Mark Ivan	Read Replies (1) \| Respond to of 25960

Ian, So there may well be 30 baggers. But except for the folk who bought on Oct 8th, such returns are unlikely to recur. I just looked at my Quicken. I bought on Oct 8th!!! But I sold on Oct 9th. :( Mark

To: Ian@SI who wrote (22344)	6/30/1999 8:13:00 PM
From: Jerome	Respond to of 25960

"such returns are unlikely to recur" well said. The posters on this thread remind me some bar stool buddies that endlessly discuss what they are going to do with their lotto winnings. Of greater interest to me and other thread readers is when this stock will break 30. Unless I disremembered something on the way to 90 we have to pass 30. Is CYMI going to have a good quarter? Will they beat estimates and lose .20 cents instead of .09 as expected. I may not know a DUV laser from a florescent tube, but I do pay attention to market expectations. So before we jump into the pool, lets see what hidden rocks could be found before CYMI reports earnings. Jerome

To: Ian@SI who wrote (22344)	6/30/1999 8:45:00 PM
From: Jerome	Read Replies (2) \| Respond to of 25960

Its still possible to leverage oneself with CYMI. If one fourth of the expectations for CYMI are correct, Then buying some options instead of the stock might be the way to go. Because CYMI closed at 25 the following prices are strictly time value. Month & Strike Price July 25 1 3/8 Aug. 25 2 3/4 Nov. 25 4 3/4 Feb. 00 6 Near as I can tell the FEB calls are the cheapest and have the best chance of working out. They are 8 months out and cost of ownership is less than a 1/2 point per month. Now we all know that CYMI has been a laggard in appreciation relative to some others in this group. But the prettiest gal will more than likely give you heartburn rather than a good meal. Another way of making this pay off would be to write a covered call for Feb., take the $600 per contract and have an immediate 25% return. Since opinions differ I would like to hear other option writers opinions. If no one care about option strategies for CYMI, speak up and I'll go back to counting the cars in Cymers parking lot on Saturday to see how busy they really are. Good Luck, Jerome