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


To: TideGlider who wrote (8768)11/8/1997 3:18:00 PM
From: Orhan Birol  Read Replies (1) | Respond to of 25960
 
Is it possible he may have invested in the converts?
Institutions usually prefer convertible bonds.
As to e-mailing Mr. Soros; I don't know whether that is a good idea.
It may be percieved as an act of desperation. In any event whatever
you may say in your e-mail they already knew months before you did.
I was hoping if he had a huge position and got out of the stock, the
pressure would be relieved and the stock would rally.
Just speculation on my part.
Orhan



To: TideGlider who wrote (8768)11/8/1997 10:57:00 PM
From: Orhan Birol  Read Replies (2) | Respond to of 25960
 
Bruce,
Could you please explain what you mean with "I find it difficult to believe that he would need Cymer funds to cover."
I don't know whether you know; it is public knowledge that Soros have lost 1-2 Billion on this drop. I suggested that if he indeed owns a large block of stock, he may have liquidated or attempted to do so and
this may have put pressure on the stock.
If he is out of the stock, this may be good news as the block overhanging the market will have been eliminated.
If I knew that was the case,having known the reason for the weakness
in the stock, I would jump in.
But this is all speculation,
Orhan