Kent; RE:"all in all, kind of a disappointing day for KLIC..."
...agreed. The earnings growth warning will affect sentiment in KLIC, (and the entire semi-equip sector, somewhat). However, traders love KLIC (and semi-equip stox), and may help - Though I expect that investors, who take earnings more soberly, will re-evaluate their portfolios and reduce KLIC holdings in the near term. Usually, but not always, there is a "flight to quality" in the initial stage of a sector's recovery, so the bellwethers like AMAT and NVLS, etc., are the first to benefit from investors' capital.
Technically, KLIC remains in an intermediate-term DownTrend, though he did make a nice Hammer Candlestick Thursday and tried to bust 30 today. All KLIC needs is buyers next week, and the charts will tell us an entirely different story. Good Luck!
-Steve |
