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

To: LzzrdKing who wrote (7277)	10/30/1997 1:44:00 AM
From: Jess Beltz	Respond to of 25960

Mr. Morrison, I respect your prowess as a trader. I have two questions: (1) Would you short Cymer now? and (2) What is the reason those with short positions are still holding on to them? They must expect further downside action, but based on what? the woes of the semi industry? By the way, I do agree with your observation that the market may have the perception of Cymer as "damaged goods." I think the turnaround in that opinion will be quick if the upcoming numbers are as good as we suspect. jess.

To: LzzrdKing who wrote (7277)	10/30/1997 1:52:00 AM
From: Curlton Latts	Read Replies (6) \| Respond to of 25960

The shorts were unwittingly caught in this trap because of the umpteen upside earnings estimates revisions in an 8 month period capped off by an actual reported 50% upside earnings surprise on top of that in August. They didn't want to be where they are but I think CYMI management was ultraconservative with their "guidance" to Monkey Sec and MWitter and as a result got snookered by Angus when actual earnings came out BIG surprise to the upside. This also explains the falling out between Cymer and these banking houses because, while they thought they had a handle on it, it turned out that they (and other certain short investors) got burned at their own game and now instead of taking their licking in the market like men they're trying to weasel out of it with BS rumors and unsupported downgrades. Funny thing is though I think Joe Retail isn't blinking anymore and they got themselves a real problem now because of their misjudgements on the incredibly strong underlying fundamentals and product demand for CYMI. Good Luck To Each And All Curly ~~~~~~~^^ [6.6] .....> [_]