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


To: Doug who wrote (1935)10/30/1997 5:30:00 PM
From: Rodney Lockhart  Read Replies (3) | Respond to of 5482
 
KLIC is presenting at AEA Classic next week in San Diego. Perhaps that will put some wind back in the sails.

biz.yahoo.com

The stock has been dropping because people fear that the "Far East" problems will impact the Asian chip makers. No one knows what the impact will be and the uncertainty is driving people out of the stock. Lack of buyers is causing the price to move lower.

When the smoke clears, the crowd will return and bid the price back up.

I increased my holdings from 400 to 1,200 shares with a buy at $25 today. If we move to the teens, I'll buy more.



To: Doug who wrote (1935)10/30/1997 8:51:00 PM
From: semi engineer  Read Replies (1) | Respond to of 5482
 
Doug
Anything is possible but I believe there will be a ton of buyers at teen. KLIC is took a hit earlier than other semi equipment companies and the stock holders are adjusting the portfolio to match with the downward trend. But there are many people waiting on sideline(including myself) to purchase when this selling stops. I believe the stock will be over $60(down from my $100 prediction in bull stages) by mid next year based on Dow Jones being around 8,000.