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

To: Curlton Latts who wrote (17186)	4/27/1998 9:55:00 PM
From: WTSherman	Respond to of 25960

<<off topic>> Curly, I think its worthwhile to realize that its not unusual for the Fed to work on two levels(reality and perception). In particular, the Fed is in a tight spot right now. If they actually raise rates it could trigger a pull back in the US economy that would have huge impact on Asia and this could in turn boomerang on the US. On the other hand, the rise of the stock market has created a somewhat false sense of "wealth" that the Fed believes is directly related to the expansion of liquidity in the US economy and which will, sooner or later, result in inflation. So...they can't actually raise rates, but, they want to put a damper on the growth of money in the US. How do they do that? They start to have leaks about a change of attitude towards interest rates, consequently the news reports of the past couple of days. If the market simmers down there won't be any rate hike, for sure. Even if the market resumes its rise the Fed wil be hard pressed to push a rate hike into place since this will have far reaching effects on Asia and, in particular, on Japan.

To: Curlton Latts who wrote (17186)	4/27/1998 11:08:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 25960

Curly, I agree that the article will not change the market's direction materially. However, there are some factors which I think could have a temporary restraining influence on the market. The long bond crashed through the 6% barrier with vengeance, that was done by people deploying cash out of treasuries. The SEA markets are starting to show the impact of the major devaluations suffered late last year, the Korean market is flirting with 400, Hong Kong has dropped back well under 11,000, and the Nikkei seems poised, despite Sakibara (?) nudging, to drop below 15,000. I think that could set the stage for a mild retrenchment here (my turnips claim that this decline will not go under 8250 if at all, but what do they know, they were wrong about CYMI reaching the 13' range, it only went to the 14' range). I am more worried about a deeper fall in the fall, but between here and there, I think you are right and we will see new highs. Zeev

To: Curlton Latts who wrote (17186)	4/27/1998 11:16:00 PM
From: Volsi Mimir	Read Replies (2) \| Respond to of 25960

Cymer Short Interest courtesy of ViWes viwes.com Month Shares Short Avg Daily Volume Ratio* 04/98 2,153,696 695,128 3.10 03/98 3,799,401 780,692 4.87 02/98 4,159,581 1,194,788 3.48 01/98 4,061,600 737,945 5.50

To: Curlton Latts who wrote (17186)	4/28/1998 5:31:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 25960

Curly: You may be right depending upon the unidentified sources. But on the other hand, I would not put it past the fed folk to seek out the WSJ to leak the good word. If that is the case, Greenspan, who has benched himself, is showing a clear sign again that he wants to be a player. He has a history of firing warning shots across the bow and he has been noticeably quiet since SEA and may think that this is the time to slowly come back to the limelight to talk things down so as not to cause an overreaction in the markets. While the WSJ article may be a non-event short term, I have viewed the shot across my bow and have taken note and everyone else should too.