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To: Trader X who wrote (12602)3/6/1998 12:23:00 PM
From: Nemer  Respond to of 17305
 
Kevin:

----> the news is good, but it really addresses the company's prospects for 2-5 years down the road. Investors and traders can't see that far.

After spending several phone calls to three brokers and obtaining the "company" reaction to CYMI-----I agree with the above statement.

A V and others on the thread have forgotten more about most of the tech stocks than I'll ever know, but the way this market today works is akin to a quote from Eddie Murphy on tv the other evening.......
"What have you done for me lately"

Truly we are operating in the herd mentality market and here's a quote from me------"Jack be nimble......Jack be quick....." feel free to substitute any name you wish..........ggg

Regards---Nemer



To: Trader X who wrote (12602)3/6/1998 1:39:00 PM
From: Andrew Vance  Read Replies (1) | Respond to of 17305
 
*AV*--I understand what you said and it might be very valid. However, the tidbit was given and shared prior to market close. For those that were lucky enough to see it and react, we took $1 overnight. That is exactly what I did. I got in with a "trading" block just prior to the close and dumped it for $1 profit this morning. (~5%)

CYMI is still a great long term investment and we may see more action. over the short and mod term. The name of the game here was to make money and to take advanatage of timely situations that present themselves. The overnight interest in CYMI or the general rally in the techs (it doesn't make a difference), netted just under $10K for a few hours. I took advantage of the situation here and in other areas mentioned yesterday but played this gamlbe/risk. It paid off. I now have the total number of shares I want in CYMI and have made a very profitable "trade." This was nothing more than a gamble on market herd mentality which paid off.

Andrew