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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Robert Griffin Gregory who wrote (3939)	7/23/2000 9:11:30 PM
From: scott_jiminez	Read Replies (2) \| Respond to of 5482

Robert - you should not be surprised at all that the thrust of posts subsequent to yours were primarily focused on one topic: extremely short term perspectives. Your post was, in effect, ignored. Your points are obviously true and wise and 95% of SI participants should take them to heart. The 'life ain't fair' perspective and the essential irrational behavior of markets are fundamental truths. Unfortunately everyone pays lip service to these sentiments; the fact there are 14 million+ posts on SI shows the undeniable futility of your stance. Your argument, as you acknowledge, describes a tautology: if it weren't for the propensity of the vast majority of current investors to seek simplistic and immediate explanations for day-to-day stock gyrations, SI simply wouldn't exist (regardless of all those inane declarations to the contrary). The idea that stock movements - even dramatic ones - are often stochastic events is, of course, true. Attempting to convince 95% of investors of this maxim is virtually impossible. You are unquestionably right and I completely agree. Unfortunately it is, once again, the sound of one hand clapping.

To: Robert Griffin Gregory who wrote (3939)	7/23/2000 10:53:46 PM
From: EACarl	Read Replies (2) \| Respond to of 5482

RE "Now,what happened to KLIC happened to any number of stocks last week, notably one I follow and own: AFCI" Hardly a valid comparison. AFCI is one of the latest glamour sector stocks which is being chased up by momentum fund managers. With a stock price close to that of KLIC and given that KLIC had $1.35 in EPS and AFCI had $.11, and both companies having great growth rates, it is more than reasonable for posters here to be amazed at the market behavior with KLIC (and the semi-equips) last week. AFCI, with a P/E of roughly TWELVE TIMES that of KLIC, can certainly be expected to have a few down days.