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

To: andrew who wrote (5551)	10/21/1997 1:27:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 25960

Is this true (found in misc.invest.stocks) Cymer Investors: move your shares from margin to cash account on 10/22/97 In 9/26/97, the total volume of Cymer shares traded were 8,280,100, way above the number of shares existed in the market (Cymer floats = 6.6 millions) at that time. This may mean a lot of "phantom" shares were traded - perhaps by short sellers. In addition, the 50% decline in Cymer shares lately may be partially contributed by short selling. If many Cymer shareholders all move their shares from margin to cash account, this may create a short squeeze - shares available for short sellers to borrow from margin accounts are no longer available any more, as the brokerage firms were not able to find shares from other margin accounts to lend. This means short sellers will have to buy the shares back at the open market, at whatever the price the market dictates.

To: andrew who wrote (5551)	10/21/1997 2:02:00 PM
From: sepku	Respond to of 25960

>>>Why cymi does not go up as most companies do when people feel they would beat estimates? or Is there any thing hidden somewhere not catch our attention?<<< I suspect the large players are waiting on the sidelines since they are still spooked by the possible impact Nikon's pushback of orders could have on this Q's earnings. Most of the momentum money bailed when these fears were rampant, causing the stock to plummet. Once earnings come in strong, and we have a bullish CC, CYMI should return to its glory days and fly high. I hope for 40 by year's end at the very least. Style Pts.