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

To: Elroy Jetson who wrote (19180)	8/30/1998 9:10:00 PM
From: nihil	Respond to of 25960

RE: CYMI buy stock and puts A company cannot legally manipulate its own stock. If it bought stock to drive up the price, it would cheat the stockholders who sold it the stock. Directors have fiduciary duty to all stockholders. Guilty directors would all be stripped of their wealth and sent to jail. Companies can only buy their own stock on the downtick. Companies can sell their own puts at strikes under market, because this stabilizes stock prices and helps stockholders. Companies such as INTC, MSFT, and DELL do this regularly in private placements and make hundreds of millions in premiums on puts expiring worthless when stock prices are good, or accumulate stock for their employee stock purchase plans or options programs when price go down. Look at their charts and see the stock stick at some round number in a downturn. Unfortunately, I can't find the strikes at which they have sold puts.