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Technology Stocks : KLA-Tencor Corporation (KLAC)
KLAC 1,279+0.3%3:59 PM EST

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To: Ali Husain who wrote (970)2/26/1998 8:36:00 PM
From: fred woodall  Read Replies (2) of 1779
 
Hi Ali, I bailed. Not so much as the danger of a substantial loss as money management. Hate to be tied up waiting for a stock to drift back to reality. Don't get me wrong. I think KLAC is a strong company with very bright prospects (long term). Just not right now.
The decision to short yesterday wasn't a good one however I've been hitting the tops the last 3 weeks with a 6 for 8 record. I have to admit it though. I'd made more points riding the last few KLAC waves going up.
JIBL is a great short candidate. Was in the process of cycling downward (daily) before yesterday. I'm not up to the reasons why the 5.813 gain but I do notice very few big players buying above 48.

Good Luck
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