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

To: bert100 who wrote (2019)	11/5/1997 9:19:00 PM
From: HoodBuilder	Read Replies (1) \| Respond to of 5482

Burt, I'm long 50 Jan 35's, 40 Jan 30's and 10 Apr 30's. The Jan Series is fine as you'll benefit from the January effect, November Earnings, and most important IMHO, window dressing buy midcap funds who need beat up stocks that they feel will surge in the new year. Unless you buy deep in the money, April are too expensive. The Volatility index on this stock has made even the Jan's difficult to stomach. I would sit tight on the 35's as all we need is one more "good" day and they'll be in the money, no? About the only neg of the 35's is we will see some resistance at $35 although we may blow right through it. Remember this stock has not really had a chance to build a base off its lows and you have panic buying here which is in response to the oversold condition created by the fall from $58 to 22. I do not think it unreasonable for us to assume that we can easily recapture 50% of the decline off the top, hence 58(high)-22(low)= 36(total) = 22+18=40, See what I mean. Earnings and a good forward statement will be the reason we get to $40. Do not get discouraged if we see $30 again, we need to take a breather before we assend Mt. Everest. A strong base will act as the catapult to move us closer to recent highs. Use it as an opportunity to increase your position as the charts suggest we WILL NOT go below that level. The only supply is that which was accumulated during the fall to $22 and rebound to present day. The majority of shareholders now are new to their positions and with the rebound in techs are unlikely to part with shares this quickly.