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Technology Stocks : Semi Equipment Analysis
SOXX 348.51+5.3%Feb 6 4:00 PM EST

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To: Donald Wennerstrom who wrote (39384)9/13/2008 2:43:51 AM
From: Jacob Snyder2 Recommendations  Read Replies (3) of 95895
 
<Kulicke and Soffa (KLIC) hit a new trading high on rising volume over the last two days (June 16-17, 2008) - 2 1/2 times normal – after Bill Ong from Am Tech Research upgraded the shares.>

I'm looking at the chart. On June 16, he upgraded from Neutral to Buy, precisely as the stock was reaching its high for the year. Precisely.

According to the WSJ, 3 months ago, the average of the analyst's estimates for KLIC's FY ending in Sept. 2009, was $0.59. Today, the average estimate is $0.31.
online.wsj.com

This is the problem with using forward earnings estimates, to find value.
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