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

To: Yakov Lurye who wrote (10645)	11/27/1997 3:17:00 PM
From: S. Wallace Slough	Read Replies (1) \| Respond to of 25960

I would appreciate if any of our technical people could respond on the referenced article and it's potential affect on cymi: techweb.cmp.com Thanks in Advance.

To: Yakov Lurye who wrote (10645)	11/27/1997 4:58:00 PM
From: Cymeed	Read Replies (1) \| Respond to of 25960

Dear Yakov, your "float value" theory does make some sense. But it does not explain why we are in the teens instead of $31, and it does not explain we are under[performing the semi equipment sector (we are obviously underperform AMAT just like Adams Harkness rated, "Market Underperform.") The bond selling probably did cause short selling on top of those others. But I disagree those short shares (4.5million) are probably from "outside of the float." As far as I know, even the bondholders have to borrow the shares from a brokerage house in order to sell them short unless he convert it right away, which is unlikely because he would lose the interest payment and at the same time, he probably sold at less than $47. Those shares being sold short are yours and mine, with a 4.5/12 = 38% chance. (BTW, I believe the true float is around 12 million). When I told Peter that daytrading inflates the trading volume, I meant the daily trading volume, not the float. When 1 share is sold and then bought, trading volume shows 2, not 1. If there is another man (day trader) in between, the trading volume will show as 4. So when you see 1,400,000 shares traded each day, it may actually describe 1,400,000/4 = 350,000 shares sold each day, plus or minus because I don't know how many day traders are there exactly. The math can add up if you consider the effects of day trading. I have a piece of advice for those day traders too. I am sure most day tarders are being screwed just like the longs. I guessed this based on the fact that Cymi has gap opened many times in expectation of "pop-up" (day traders buy-in), and then closed below last day's closing (day traders sold). Folks, my guess is that, there are some very powerful hands in this short selling, they are way out smarter you and I. If you want to make some money or hold on to your principle, you should stop day trading Cymi; if you like Cymi - the future monopoly like I do, you should use your cash to buy it, then hold tight. Folks, we are still in the woods. We failed to break the $23 down trend line. We failed another very important phsycogical barrier Wednesday when we closed below $20, we can go to the low teens if we keep playing it. We must buy and hold, and should call in the certificates too to form a squeeze to the shorts. The good news is, while we are being driven down by the shorts again to below $20, it takes them a lot of shares. And a lot o people do feel CYMI is a very attractive level (undevalued in my opinion, of course). So it is possible, and only possible, the shorts are starting to lose it ! Hey, this a democracy. Who says the individual investors can not unite together and beat the outrageous short sellers and the non-believers of Cymi ! God bless the Cymi longs.