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Technology Stocks : KLA-Tencor Corporation (KLAC) -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (1469)4/13/2000 6:26:00 PM
From: Warpfactor  Respond to of 1779
 
I have positions currently in PRIA, CYMI and AMAT (my only techs right now), and found the AMAT 10 pt plunge in the last half hour disconcerting. It was preceded by KLAC, so you may be onto something.

Something caused this washout, however I'm not selling. I will forage around and see what turns up.

Warp



To: orkrious who wrote (1469)4/13/2000 7:39:00 PM
From: Jerome  Read Replies (1) | Respond to of 1779
 
A sinister pattern is in the making.

1) a company beats estimates (MOT, GSNX KLAC)
2) stock rallies in after market
3) stock opens on the upside
4) stock sell off begins a few hour into the trading day
5) stock collapses near the close
6) conference call indicates bullish outlook

The problem with this is that as soon as a pattern is recognized (two to five times) people try to capitalize on it and things go terribly wrong. (they sell on the rally and the stock keeps moving up)

Although I don't like this excessive volatility I would be far more concerned if the outlook was poor.

Regards, Jerome




To: orkrious who wrote (1469)4/14/2000 9:15:00 AM
From: Ian@SI  Read Replies (2) | Respond to of 1779
 
Jay,

As long as KLAC chooses to practice Selective Disclosure, I'd take that as a strong incentive for retail investors to boycott the stock.

With all the other risks, why play on an unfair, not level playing field?

There are so many good companies which show much more respect for their shareholders than this management which seems to be telling the individual investor to get stuffed.

FWIW,
Ian.