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To: Jacob Snyder who wrote (12125)3/17/2011 1:22:34 PM
From: Ian@SI  Respond to of 13403
 
Congratulations. Very well done.

While I agree that in the longer term (more than 6 months to a year), your KLIC short was almost a certain winner, I suspect that it may be a bit premature to call the end of the cycle.



To: Jacob Snyder who wrote (12125)3/17/2011 1:34:00 PM
From: Robert O  Respond to of 13403
 
This took astounding cojones as size ramped up- well played. I'm not in the [amtr. part-time] trading 'biz' anymore but seriously considered jumping in short at 10.50 but could not pull more than the mental trigger. Ah well kudos to you.

Mostly in cash now, in after tax brokerage account anyway, and do hope to put it to use in an 'opportunistic' fashion but can’t seem to get a pulse, therefore confidence, as only checking into market from time to time. Continued success and appreciate your letting us come along for the ride.

RO



To: Jacob Snyder who wrote (12125)3/17/2011 5:38:18 PM
From: semi_infinite   Respond to of 13403
 
>>I'm guessing, the Japan nuclear situation is going to be brought under control, today or tomorrow<<

I am guessing that is the most extreme optimistic scenario. I hope it happens. The other extreme would be how many workers can the government of Japan depend on to sacrifice their lives to contain a reactor 3 rupture.



To: Jacob Snyder who wrote (12125)3/18/2011 3:23:08 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 13403
 
KLIC bot 5000 @ $8.60, an opening position.

I anticipate holding a few weeks, selling at $9-9.50, and then resuming shorting. I am impressed, KLIC is up 2.5%, on a day when SPX and SOX are flat.