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

To: TI2, TechInvestorToo who wrote (25815)	7/23/2003 7:10:00 PM
From: Mr. Sunshine	Read Replies (1) \| Respond to of 25960

Could you post a summary of the CC? Seems like all my major companies are reporting today or tomorrow. I was trying to listen to the QCOM call but keep getting interupted by phone calls! Todays action was remarkable. I have no idea what to make of it, I thought the earnings release was average. I wonder how many still follow this thread? We used to get over 50 posts a day, more when earnings were released. Last week I sold some Nov 45 covered calls for my non core position. If they are called, I will have roughly doubled my money in 2 years. If not, I still get to keep the premium. I have done this several times when CYMI gets to the $40 - $50 range, so far have not had any of the calls exercised.

To: TI2, TechInvestorToo who wrote (25815)	7/23/2003 7:19:05 PM
From: BWAC	Read Replies (2) \| Respond to of 25960

<Anything in the conference call?> Yep. Long way to go before earnings support the stock price, not that it matters one bit to the buyers. Curious as to a refresher on what the potential was in the best of times I went back and looked at prior years. $2.07 earnings was the top in year 2000. Price was $60. Long way to $2.07 from negative 19 cents. Especially being that the stock has had outstanding shares increased by 14% since then. 5 years of net income totaled $97 Million in the period of 1998 to 12/31/2002. 97 Million/35 Million shares out = $2.77 earnings per share over 5 years or 55 cents average earnings per year. 55 cents average including the bubble years and a $40 current stock price.

To: TI2, TechInvestorToo who wrote (25815)	7/23/2003 10:27:32 PM
From: VIXandMore	Read Replies (1) \| Respond to of 25960

Short squeeze? Like you, I was stunned by the reaction in the market today. I listened to the conf call in real time and expected a pullback or slow downdrift today. I certainly did not see any significant move to the upside coming and was stunned when we took out the 52 week high, then came back and raised that high two more times. The only thing that makes sense to me is a short squeeze. The short interest is about 7.5 million shares as of 6/30 (perhaps more with some of the hedge funds betting on disappointing earnings?), not outrageously high, but enough to put them in the top 20 days to cover as of 5/31. I loaded up on Aug 40 puts today; time will tell whether this jump has staying power.