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

To: D.J.Smyth who wrote (6281)	10/24/1997 12:20:00 PM
From: Steven Angelil	Read Replies (2) \| Respond to of 25960

People are coming to their senses. Cymer is starting to rally, back up to over 27 1/4 as I type. What a steal under 26! Steve too bad I was margined to the hilt already with cymi

To: D.J.Smyth who wrote (6281)	10/24/1997 12:55:00 PM
From: Defrocked	Respond to of 25960

Yes, Darrell, it is exactly a risk/reward tradeoff decision. I still own CYMI and all my Tech. stocks. Moreover, my put purchasing has almost always been a contrary indicator. But I gladly be a "sacrificial lamb" if the market returns to a more normal trading pattern.<g> (Already the DJIA has "bounced" back, now down only 81 pts since your post.) My hedging decision is mostly based on my perception of current and potential market activity. Trading on the basis of the expected or feared responses of others and its implications of market volatility is a main factor. Not necessarily a great reason but kind of a gamma trade. In essence I do not want to come in on Monday or any day between now and Jan. and see further profit erosion in my portfolio greater than my current gains and the cost of the puts. If recent history is any guide I will lose most of my put premium and the market will recover. I agree that CYMI's downdraft has already occured. But I also believe that AMAT, CPQ, INTC shouldn't be at these levels either. BWDIK? If bonds do this, if HK does that, if AG says this, my risk has been reduced at a price I thought worth paying. And I'll sleep better by leaving a little "on the table". Good investing all.