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


To: D.J.Smyth who wrote (7825)11/2/1997 2:29:00 PM
From: Steven Angelil  Read Replies (1) | Respond to of 25960
 
Darrell, do you mean to say you are confident that we won't close below 22 tomorrow? I hope we don't, but I also don't see anything happening tomorrow that will stop the bleeding. The only thing that could happen is we get good news out of the conference. I bet Jay and Brett already have thier upgrades written, just waiting for the perfect timing! Let's be honest with ourselves, the bears have won this battle. They were right. They believed the stock price would fall and put their money where there mouth was. Sure, the rumors have proven to be false and the earinings were good, but the price fell. Makes no sense to me, so that's why your assertion about some big boy shorting, and others piling on for the piggy back, makes sense. I have been screaming "foul" all along. This is true market manipulation. There is no way we should be trading against the tech market with earnings and an outlook like that.

I wish Vinik would initiate a short squeeze for us, like he is doing with Amazon. Man, if Amazon is in the 60's, we would be in the 100's with that kind of squeeze. Wish it would happen. Probably won't.

Steve