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


To: Douglas V. Fant who wrote (1946)10/31/1997 9:21:00 AM
From: Dr. Doktor  Read Replies (3) | Respond to of 5482
 
Hello KLIC thread.

Any thoughts as to when this sector will hit a bottom? I have a feeling the bottom is near if not already made. These stocks will come back into favor. The Asian problem is way overdone. The majority of the products these asian co's. make are destined for U.S. and European end users. They are who drives the demand. The uncertainty has caused huge overkill in the semi infrastructure stocks. My strategy is to buy just out of the money call options in the Jan. to June time frame on these companies. Example, CMOS Feb 35 calls have traded as high as $20 and are now at the low of 3 1/2. They could go lower, but I'm betting by Feb they'll be much higher.

Any thoughts on this strategy? Appreciate the input.

Regards,
DOK