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

To: Starlight who wrote (8453)	11/5/1997 11:53:00 PM
From: Maxwell	Read Replies (3) \| Respond to of 25960

Elizabeth Smallfelt: <<Yes, but if CYMI doesn't hit $40 by May, you've lost all the money you paid for options, but at least your stock wouldn't have "expired", and you could still make money on it later.>> When you play options don't wait till expiration to close out your position. From my experience it is a bad strategy to keep long term options till expiration just due to your reasoning. The best strategy is to get rid of them as fast as possible when the price goes up. If CYMI goes to $30 in one month I can guarantee you that the option will nearly double (MAY 40 Calls). I will get out then. I will not wait till it hits above 40. Option is very advantageous when you know in the short term that the stock will move up. CYMI is a very interesting stock. Everything looks good yet no big dogs want to take a bite. Their reason is simple. If it looks so good then why aren't any other big dogs taking a bite. Thus every big dogs are waiting for the first one to make a move. I, a very small dog, volunteer to take a big bite on CYMI on the low 20s while all the big dogs watching. I have a feeling that we see 30 soon. Do you want to take a bite? Maxwell