re KLIC:
One interesting thing I came across, on their latest CC, was a series of questions about the recent insider selling:
Andy Schopick - Nutmeg Securities:
"One final thing pursuant to your own plan, Scott, can you give us just a general sense under your 10b5 plan, what this entails in terms of anticipated sales?"
Scott Kulicke:
"Okay. My plan is based on the idea that the higher the stock price, the more I sell. I am retiring next year and need to liquidify my position in K&S. And how many I'd sell is a function of stock price."
seekingalpha.com
my comment: Scott Kulicke doesn't have to sell any shares, just because he is retiring, and he isn't the only exec at KLIC selling lots of shares. I think his plan: "sell more the higher the stock goes" is good advice for other shareholders to follow. The stock may go higher from here, perhaps much higher. However, it is a 100% certainty, on the next down-cycle, the stock will be far, far lower than it is today. It's a trading stock, now more than ever.
disclosure: bought back my ASML position today at 30.80. No current KLIC position, but thinking about going long at 7.50 and down. |
