KLIC bot 5000 @ $4.80 at the close. Now holding 21000 sh., av. cost $4.73. Placed an order to sell all 21000 shares, at $4.99.
As a trading stock, KLIC is adequately volatile. However, it isn't very liquid. It took 2 days, to get my smallish order at $4.60 filled. Also, the very low stock price means the transaction cost is high. I'm considering switching to ASML for MT trading. Recently, it has been just as volatile as KLIC, in both directions. It has 6-8X more volume, and a stock price 3-4 times KLIC's. One negative for ASML, is that it recently took out its early-2008 low, while KLIC bounced at $4.55 exactly, forming a nice firm support line. ASML closes, today, just above its lows of 4 days ago, while KLIC is still well above those levels. Since I'm trading long, I'd like a stock with relative strength. |
