SI
SI
discoversearch

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 : Stock Swap

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Yiqun Xie who wrote (16445)4/29/1999 1:06:00 PM
From: Trader X  Read Replies (1) of 17305
 
Not at all, the selloff today

is the mechanism for the gap closing I was expecting. The gap is now officially closed! I expect the price to close at or near $25 today.

We have KLIC at least partially to thanks for today's slide in semi equips, since they reported earnings 40% lower than expected. I happen to think they are an isolated event in a general sector recovery. The news is out that a fall recovery is in order and that could fuel a summer rally in the semi sector, all things being equal... like a positive overall market.

TX
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext