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


To: Zeev Hed who wrote (24447)3/14/2000 10:19:00 PM
From: Backfill  Respond to of 25960
 
With a large Call/Put ratio, I wonder if this weeks activity has anything to do with options expiration?

Jeff...



To: Zeev Hed who wrote (24447)3/14/2000 10:45:00 PM
From: Gary Kniffen  Read Replies (1) | Respond to of 25960
 
Zeev,I almost went to margin today.In the past five weeks
I've done incredibly well trading in and out of this stock.On top of that I sold March covered calls[60's and
65's]on 1/3 of my core holdings.These will probably expire
without being called.I bought the last of my trading shares
back today at 52.At the end I wanted to go to margin for
another two thousand shares,but I hesitated,I've been in
this stock since 1998,through the fall and the subsequent
rise.As you can imagine I really like this company's
fundamentals.However I realize market forces can continue
to drive CYMI down with the rest of the market.Where do you
see support under 51? TIA
Gary Kniffen



To: Zeev Hed who wrote (24447)3/14/2000 10:48:00 PM
From: Berk  Read Replies (1) | Respond to of 25960
 
Zeev, literally, "holding 51" is 3/8 of a point away. Because of the nature of this stock, I would expect it to trade below 51. I just don't know how far before I feel its too far.