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Technology Stocks : Kulicke and Soffa
KLIC 55.32+2.5%Jan 9 9:30 AM EST

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From: scott_jiminez1/29/2001 8:10:44 AM
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More on Klic’s short sales:

From a post this morning on Yahoo (http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7079976&tid=klic&sid=7079976&mid=23162) -

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Compare Novellus and Klic [short sales] during the period 7/00 to 1/01. In this time frame, Klic short sales remained about the same (4.7 mil). Here are the stats for NVLS -

-NVLS' short sales increased from 2,476,952 to 13,018,178 during the period -> an increase of 426% in 6 months!

-NVLS' short sales increased 35% from 12/00 to 01/01. NVLS' January increase was the 10th HIGHEST of all (NASDAQ) stocks covered and represented a 12 month high. During the same period Klic's short sales DECREASED by 14.6% and January's number was a four month LOW!

-NVLS' short position has been increasing for SEVEN CONSECUTIVE MONTHS and, for the last 4 consecutive months, increasing at a rate of at least 10% A MONTH. Klic's short sales have been DECREASING for 2 months in row (a 20% decrease during this time) and Klic's short sales during January were the lowest since September.

Using short sale data exclusively can be a very risky proposition. However, when a dichotomy like that between Klic and Nvls appears (and, in fact, the difference in the trend of short sales between Klic and most other equipment stocks) it's hard to escape the obvious: most investors currently see a better a return in Klic than virtually any other stock in the sector.

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