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

To: BWAC who wrote (4002)	8/4/2000 12:16:11 AM
From: BMcV	Respond to of 5482

>> <Sometimes I wonder why I invest in this sector with so many fools out there as fellow shareholders> Cause, at times, they like to serve their stock shares up to you on silver platters. << . . . This reminds me of Warren Buffet's parable of Mr Market, the daft and moody partner in your business, who on any given day is either willing to buy way over your estimation of its worth, or sell for far less, depending on his inclination. I always pictured him as a rotund manic-depressive little man in a tux and top hat, clutching a handful of $100 bills, like the banker on the Monopoly sets. Today, this image was replaced in my mind by Mrs Market, none other than Maria Bartiroma, hypercaffinated, underinformed, shrieking with henlike logic that KLIC was "stuffing the channel" and that "the semiconductor cycle was over", as JJ predicted. Mrs Market has room in her mind for only one thought at a time, yesterday vanishes without trace, tomorrow doesn't exist. Take everything at face value, jump first, drain your imagination of all colors and even shades of gray, swallow that double espresso, kiss Maria on the lips, because that's your partner in this crazy business... KLIC is well below sales per share, which traditionally is a great sign of the market bottom. And if everyone in the market has correctly called the semi cycle this time around, why did no one see the last cycle ending? Maybe because no one really knows?