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To: Jacob Snyder who wrote (12110)1/27/2011 2:39:23 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 13403
 
KLIC ss 3000 @ $9.98

total: short 18000, av. cost $8.74

At this point, I have more than I want. I will cover part of my position when:
1. KLIC approaches its 200dma (now at $7)
2.SOX is 10% off its highs (407)

As KLIC has gone from $1.11 to $9.99 since late 2008, it has repeatedly come down to the vicinity of its 200dma, just from normal volatility. I'm prepared to be patient.