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Technology Stocks : KLA-Tencor Corporation (KLAC)
KLAC 1,394+2.9%Jan 6 3:59 PM EST
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To: Orhan Birol who wrote (1106)4/13/1998 9:13:00 PM
From: NucTrader   of 1779
 
I bought KLAC today because the TA looked good to me. Although it's clear that semiconductors could move down from here, I found this comment, buried deep in the 13 April IBD article INDICATORS FLASH SOME WARNINGS on p. A3 interesting: >> As an example, Anderson says he sees "early signs of some distribution" in financial stocks, which have enjoyed a long run-up. Accumulation may be occurring in semiconductor stocks. << KLAC has a good looking balance sheet and enough weight on to weather a further downturn, IMHO.
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