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


To: Douglas W. DeVries who wrote (7712)11/1/1997 12:36:00 AM
From: John Phillips  Read Replies (1) | Respond to of 25960
 
To All:
Cabot selling could well be a positive on Monday. A previous post mentioned Cabot's dismal return and poor timing of sales. His rule is "sell when you have a 20% loss." Due to Cabot's shady dealings with some securities (PRST, CTN, etc.) stocks he recommends seem to have a black cloud over them. Now this cloud will be lifted. Also, I have learned that there are hedge funds that target Cabot recommendations for short selling. The short selling gets especially fierce when the price approaches Cabot's 20% loss figure. The funds then cover while Cabot and his subscribers are dumping the stock. This could trigger a mild short covering rally.(I do not expect a full-blown squeeze)With a flat to up market on Monday, I expect an up day for CYMI. IMHO.

Good Luck, John Phillips