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


To: Steven Angelil who wrote (9033)11/11/1997 2:29:00 PM
From: craig crawford  Read Replies (1) | Respond to of 25960
 
Ok Steven I'll bring it over here to this thread.

No I haven't always been bearish on CYMI. I like CYMI, but I'm not going to stand in the way of it's descent.

CYMI is not a bad company, this is just a bad market...



To: Steven Angelil who wrote (9033)11/11/1997 3:45:00 PM
From: Shakush  Read Replies (1) | Respond to of 25960
 
Steve, I bought Nov 20's at 1 3/8 and have no downside target.

It has the effect of increasing my basis cost by 1 3/8 which, if the stock rallies, I don't care so much about. I have no intention of selling my stock. I just wanted to put an end to the daily erosion, in effect limit my loss to what it is now (incl. the cost of the option) and was willing to pay for it. Other than looking at the same charts, indicators, prognostications etc. that everyone else does, I have no idea where the bottom is. I'm not going to buy more until after it turns, and do not care at all if I don't get the bottom.

Duane