Kulicke and Soffa Message Board

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Technology Stocks : Kulicke and Soffa

KLIC 57.55

-3.3%

Jan 23 9:30 AM EST

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To: Muizz M. Kheraj who wrote (2168)	11/21/1997 9:53:00 PM
From: HoodBuilder	Read Replies (1) of 5482

I think you can chalk today upto good old "follow the leader" If you look at the last several weeks, Friday was the day to be Short and Monday was the day to be Long. I don't believe the Dow and Naz will continue to diverge as evidenced by Thursday's Naz rebound. The techs are still oversold especially KLIC. I'm content to wait this one out atleast for a few more weeks. My jan calls will not start to erode time premium for quite a while. All I need is a blip to $34/$35 and I'm stting pretty. I plan to sell all of my Calls and write the Jan 40's against my stock. On a pullback at the end of the year I'll position myself with April 30 or 35 calls for the next Q's report which should confirm what Scott K's been talking about for months. BTW that ANALyst that downgraded the sector today must not understand English or know how to read a chart. Then again, negative sentiment is "GOOD" for the market.

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