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


To: Steven Angelil who wrote (7809)11/2/1997 1:49:00 PM
From: D.J.Smyth  Read Replies (1) | Respond to of 25960
 
i think what he means Steven is closing below $22 or thereabouts. the price can break intraday but this won't constitute support breakage unless it closes below $21 to $22. earlier this year it straddled $42 to $46 (pre-split) after falling from a high of $60 for three weeks before it advanced.



To: Steven Angelil who wrote (7809)11/2/1997 6:33:00 PM
From: Robert DeHaven  Read Replies (4) | Respond to of 25960
 
Steve things usually get very dark before the light streams through...The market will not allow shorts to just grab layupa after layup on this one. I think that Monday (mini crash day) You got a glimpse of how far the MM'ers are willing to let a stock fall...a.k.a. maximum downside risk. I think CYMI was 21 7/8 Monday. Friday saw significant volume and interest at @23....I wouldn't be surprised to see the stock open at 24+ ....its just a feeling. The shorts have had it easy on this one....MM'ers do play to the longs too. Just when Joe-Six pack starts to short the stock (about now I think) They can take her back to 31 where she belongs .... I think Friday was a reporting day for mutual funds and alot of window dressing took place....In addition the S-3 spin and Cabot sales were floating around. With Cabot gone ...they'll try to embarass them and drive the stock up....hope so anyway. Also should derive some sympathy from a recovering SOX.

NYCNPBBK what's your're spin on Mondays trading?

Good luck to all

Bob