Dear Ron,
I do not know anything about KLAC, seems to be just a small semiconductor company. For me, as a german investor its difficult to
buy stocks of small american companies. Besides, I am not sure that that KLAC has completed a W-formation. At least the last upturn is missing. If the upturn does not come the next few daysm be careful. I agree with your opinion in HWP. However, I feel the stock is not oversold right now, so it might go down for quite a while as low as 80$! However, HWP is exaktly the kind of quality company I like to invest in.
I do not use technical analysis, because I have no chart programm. besides, I do not trust technical analyses!I do not like Wall Street too, at least for a while. Blue chips are very expensive, compared to the historical validation. Big money is flowing in, because they do not know where to invest elsewhere. The big players are getting more and more nervous, as you can see from the friday minicrash. Its not a good investment time. I have sold most of my stock holdings (which were in european stocks) two weeeks ago. I would like to invest in the battered tech sector, if the overall picture were better. If Wall street will crash, and I think it will, than tech stocks will be hammered down even more.
Til later,Ralf |
