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

To: John Bloxom who wrote (12078)	12/29/1997 7:18:00 PM
From: craig crawford	Read Replies (2) \| Respond to of 25960

<< It's just that for a fund manager to initiate a position in a "fallen angel", under tax loss selling, a few days before the 12/31 performance numbers become etched in stone; well, suffice it to say that it could well prove to be a career-ending event. >> What's wrong with carrying CYMI on the books at the end of '97. If you just purchased it won't show up as a loser. So you are saying that fund managers shouldn't purchase any beaten down stocks until Jan 2nd? Ridiculous. If the 5 days after X-mas and around new years are supposed to be so good for a rally why would a fund manager want to wait until after new years? Seems to me like he/she would have to pay more by waiting. << Would you risk your '97 gains to perhaps make some '98 gains where you can capture the '98 gains starting on the first business day of January, without risk to your '97 gains? >> I don't see how taking a position in CYMI today at 15 is going to hurt a fund managers performance in just a few days. I thought that the next few days were supposedly good for a rally. It seems to me that fund managers would want to be buying in the last couple of days to HELP his/her year-end performance, betting on the year-end rally. << Think about it. >> Obviously I have. Have you?