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

To: TideGlider who wrote (9074)	11/11/1997 4:54:00 PM
From: Stock nerd	Read Replies (1) \| Respond to of 25960

Where's Darrell Smith when you need him? He usually could track those blocks.

To: TideGlider who wrote (9074)	11/11/1997 6:20:00 PM
From: Candle stick	Read Replies (4) \| Respond to of 25960

That block trade was a sale and is good for the stock,IMHO. Let me explain.....whoever the MM was that took it in probably knew it was coming all day. What he does is start selling short in front of it a few hours early. He knows he has a customer who wants out and he sells all day until he has 100,000 shares sold and then he takes the stock to the low of the day where he "crosses" the block. You have now moved a block from weak hands to strong hands. People like myself , who are buying in today for the first time. A move to 17 or 15 certainly won't scare me out. Its good for another reason. IMHO, it is a "puke out". Someone could not hold on any longer and had to get out for some reason. It doesnt matter why. The point is their pain threshhold was reached and they sold the low. These types of trades often mark bottoms and tops. If it were a customer "buy" then it would have occured at the high of the day. Of that I would bet big on. So this was a seller puking out a long position and the MM took him to the cleaners. Looking for the stock to open the LOW tomorrow (perhaps a 1/2 point gap down) and trade up from there........best of luck to all.......;^)