Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 292.04

+2.4%

Dec 18 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerome who wrote (58664)	1/3/2013 2:00:06 PM
From: Jacob Snyder	1 Recommendation Read Replies (1) of 95611

< look at any chart with any parameters and KLIC is in a breakout pattern> On a short-term (since the 2008 lows) chart, yes. But long-term patterns trump short-term patterns. I'm looking at the 10-year chart. KLIC has, for almost all that time, been in a $5-12 horizontal channel. No move above $12 has ever been sustained for more than a few months. Every move over $12 has been followed by at least a 40% downturn. Of course, choose the correct time frame, and it is possible to make money with KLIC either long or short. I could be wrong for a few weeks, maybe a few more months. But then I'll be right. disclosure: long AMAT (bought only at $10), short KLIC.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next