re KLIC charts:
Since I've already been proven wrong about the declining channel, I could easily be wrong about other things, too.
But I'm very confident that KLIC's earnings, margins, and revenue are at or near cycle peak numbers, so the fundamentals don't get any better from here on. I'm also quite confident that, when the cycle turns down, KLIC will go below $5. Last downcycle it went to $1.11. I'm very uncertain about the timing of all this. Could be next month; could be next year.
I have, on occasion, held shorts for more than a year. If KLIC keeps going up, I'm prepared to do that again. Since it doesn't pay a dividend, and I'm sitting on cash with nothing I want to buy (long, that is), it costs me nothing to be patient.
I hope you make money on your long KLIC bet (doing anything with KLIC, long or short, is gambling). I hope my posts are useful to you. Your posts, whether you agree with me or not, are useful to me. |
