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Technology Stocks : Kulicke and Soffa
KLIC 73.05+0.2%10:37 AM EST

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To: bob oserin who wrote (1887)10/24/1997 8:39:00 PM
From: Tom O'Brien  Read Replies (1) of 5482
 
Bob -

I just don't believe that Hong Kong can sink the world. It's a tiny place - just one town out of a whole world. This degree of panic just doesn't make sense to me.

But how long to recover? I'll give it a couple months. I think by January people will be plowing money into the market and this little "crisis" will be forgotten. Til then, we'll be pretty static.

But the thing to remember is this: when the recovery comes, it will be sudden and explosive. Check the charts for AMAT, NVLS and KLAC from November of last year, and you'll see how it goes. Get out now, and odds are you'll miss the opening salvos.

I hope I'm right!

Regards

Tom
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