KLA-Tencor Corporation (KLAC) Message Board

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Technology Stocks : KLA-Tencor Corporation (KLAC)

KLAC 1,545

+7.8%

Jan 15 3:59 PM EST

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To: AEON FLUX who wrote (918)	2/2/1998 4:17:00 PM
From: Jacob Snyder	Read Replies (1) of 1779

buy on despair, sell on euphoria: I sold all my KLAC at 40 today, after getting in at 34.3 on 1-12-98. 17% in 3 weeks. All the semi-equips, and the S&P 500, inched above their 8-month trading range today. This is either the start of a breakout, or a false rally which ends soon. If it's a breakout, I've still got my 17%. If it's a false rally, then I'll buy again at 34. My guess is that there is still more bad news coming from East Asia, and the DRAM price will not sustain it's strength of the last month, and there will be a lot of warnings and earnings disappointments in the second and third quarters, so we'll get more good buying opportunities mid-year. Maybe.

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