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


To: Elroy Jetson who wrote (15382)3/4/1998 2:39:00 PM
From: Curlton Latts  Read Replies (1) | Respond to of 25960
 
CYMI continues its market leadership over the last 30 days up 40%. A comparison chart that conjures up nightmares for the huge, exposed short position is interesting:

techstocks.com

I think the $50 million buyback may be just about to begin. There was an initial hold off because of the fast runup after the announcement. It may be that they won't be able to buy much before the stock rockets up to $30. They've been waiting for any weakness to really start buying in earnest, but the stock has shown continued strength. A stock that refuses to go down like this quickly turns into a stock that goes up once the line of least resistance is established uptown. If it's not right to sell than it is probably just right to buy or cover.

Good Luck To Each And All

Curly
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