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

To: Curlton Latts who wrote (19177)8/30/1998 1:50:00 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 25960
 
That's an interesting article you posted. The Hong Kong government has been going short the HK market via September futures while buying the shares currently. I bet they make a huge profit.

Cymer could do the same. Buy back Cymer shares today while buying September Cymer Puts at the same time. Then, dump the shares in September and collect a hefty return on the increase in value on the Puts.



To: Curlton Latts who wrote (19177)8/30/1998 8:46:00 PM
From: nihil  Respond to of 25960
 
Looks like the HK authority gave up in the afternoon and the HSI fell off the peg after 2:30 am EDT. Perhaps the shorts had to PTTTN to roll but were back in green on the September contracts immediately. If HKA and the speculators are shorting September HSI who is long?


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