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To: Patrick Slevin who wrote (13422)4/24/1998 10:43:00 AM
From: j g cordes  Read Replies (2) | Respond to of 17305
 
Patrick, any follow through on CYMI calls with the options jockey and earnings..? thanks



To: Patrick Slevin who wrote (13422)4/24/1998 12:55:00 PM
From: Trader X  Read Replies (1) | Respond to of 17305
 
McMillan got stopped out I guess.

Too bad.

Me, I wonder why the market was suprised that CYMI earned .09 this quarter. Analysts lowered earnings 2 1/2 months ago from .22 to .09 for this quarter, and from .25 to .08 for the next quarter. And the stock rose over 50% since then.

My guess is, too much, too fast...retrace was in order.

Support is holding at $22 1/2 -- the uptrend channel bottom.
$24 was flimsy support. Channels are more reliable than a one time resistance level. McMillan should have asked me, first. <g>

Tx