Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: orkrious who wrote (20370)	12/10/1998 9:37:00 AM
From: Mark Ivan	Read Replies (2) \| Respond to of 25960

Jay, Thanks for your response. $200/share? I guess anything is possible (look at EBAY, etc). I find it odd that a stock can plummet to < $6 because of gloomy outlooks, and then, ALL OF THE SUDDEN, everything is rosy and we are hitting $20. Just read CYMI's last earning report. They specifically say things are not that great and will LOSE money next quarter. I know the market looks further out than 3 months, but don't you think they would have posted some "glimmer" of things getting better. Remember April. Cymer had specifically stated their estimates for the 1st quarter of 1998, yet we all "forgot" that and believed different. We drove the price to $30 (me included) and Cymer released their previously stated estimates. The rest is history. I feel we may be repeating the cycle here; caught up in the euphoria of XMAS and Intel and MU, rising DRAM prices, etc. I am a firm believer in market manipulation (esp on the NASDAQ). I have been taught that the MM drive the price up and down to best suit THEIR needs. Price is not determined by supply and demand. Supply and demand are "created" by the MM move the price. In other words, price determines supply and demand, not vice versa. Some stocks are more easily manipulated than others. CYMI is an easily manipulated stock, because of its potential explosive future. It is very easy to create "false" inter-MM volume and raise the price to get the momentum investors to jump in. My opinion, of course. Hope the MM don't read this board and try to screw me now that they know my position. (VBG) Actually, they can do what they want since I am basically in a hedge wrapper. HA! Mark