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Technology Stocks : KLA-Tencor Corporation (KLAC)
KLAC 1,181-2.2%3:49 PM EST

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To: Math Junkie who wrote (1570)1/31/2001 9:03:06 PM
From: Jerome   of 1779
 
Richard, When people trade stocks without using options, they need the trend to be up while they are holding the stock

This also helps tremendously in doing cc writes. One of the things that I consider when I buy a stock for a cc write is that if things go poorly, do I want to own the stock. Example. A few months back I bought AMKR at 28 and immediately wrote the 30 for a few points. Thirty days later the stock is at 20. When AMKR got to 18 I wrote the 20's Next thing I know the stock is around 15. During this time the outlook for the company had not changed at all. Today the company reported earnings (met expectations) and said the growth this year would be about 20%. The stock is worth holding on to, until its value is realized.

My preference is for an upward trend (and so is yours) but we can't control the market gyrations or temp. market opinions.

I find it interesting that only a few companies have given guidance upward for the next few quarters. In that select group are KLAC, NVLS, LRCX KEM, AMKR, and ATML. (if you know of others post em)

Good Luck, Jerome
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