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

To: ben luong who wrote (10953)	12/4/1997 1:23:00 AM
From: Eric Jorgenson	Respond to of 25960

Good point :-) I really meant a doubling of whatever amount one has shorted--e.g., selling short at 32 and covering at 16, which isn't a 100% gain in the traditional sense.

To: ben luong who wrote (10953)	12/4/1997 2:04:00 AM
From: Curlton Latts	Read Replies (1) \| Respond to of 25960

Any idiot with a checkbook can make a stock go down by being a Mr. Master of the Universe 4.5 Million Share Short Man in 60 days time. There is really no magic to that trick. If you don't care about shorting 40+% of a thin float (11 million share float; large insider holdings are never calculated in float, restricted, schmicted) stock. The real fly in the ointment comes when trying to close this bozo deal without the idiot losing all of his checking account privileges. Normally, in these cases, that only happens after the initial Mr. Universe gets promoted to another department and his successor in the job gets a boss change (ouch!, dirt under that carpet). CYMI is a special case when it comes to large risky exposed short interest dirt under the carpet though. Continuing, sequential, quarterly earnings growth that is explosive will tend to put the redhot spotlight on the issue well before Mr. Master of the Universe can get promoted away from the problem. We shall see. Good Luck To Each And All Curly ~~~~~~~~^^ [6.6] .....> [_]