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To: Jacob Snyder who wrote (12159)5/3/2011 5:49:57 PM
From: Return to Sender2 Recommendations  Read Replies (1) | Respond to of 13403
 
OT: >The trend of the market is relentlessly up, so I'm looking to cover my shorts; probably won't short any more.<

I have a few things to say about that Jacob. First off you have been doing great making money off these trades for exactly the reasons you stated.

Yes, KLIC reported outstanding earnings but because you are not all in, and totally under water, due to margin restrictions you will probably make money again.

Finally the market probably does have some more upside ahead but it has not been an all encompassing advance. Lots of stocks are getting sold off on misses. We are getting closer to a market top. Once there the best game in town will be shorting stocks just like you have already been doing.

I think you wait for that blowoff top on high volume to come and short whatever you like. You've been winning on trades on KLIC. This stock just beat by a huge margin. Think how well you would have done if you had started your short position say today at 10.51? Or how about picked a different stock altogether that actually missed earnings.

Going long or short prior to an earnings announcement can be suicide but you will survive this time in my opinion.

Wait for the NASDAQ to hit at least an RSI of 70 on this monthly chart with high volume before you start really shorting the heck out of things.



JMHO, RtS



To: Jacob Snyder who wrote (12159)5/6/2011 3:45:06 PM
From: Ian@SI  Respond to of 13403
 
After seeing this set of headlines, I got rid or almost all my long held KLIC position...


5/5/11

10:56 P.M.


Dir ZADEL Registers 10,000 Of KULICKE & SOFFA INDUSTRIES INC >KLIC

DJ Newswires

5/5/11

11:57 A.M.


VP MAK Sells 7,133 Of KULICKE & SOFFA INDUSTRIES INC >KLIC

DJ Newswires

5/5/11

11:39 A.M.


VP TORTON Sells 5,564 Of KULICKE & SOFFA INDUSTRIES INC >KLIC

DJ Newswires

5/5/11

11:00 A.M.


VP SALMONS Sells 27,529 Of KULICKE & SOFFA INDUSTRIES INC >KLIC

DJ Newswires

5/5/11

10:20 A.M.


CEO GUILMART Sells 7,500 Of KULICKE & SOFFA INDUSTRIES INC >KLIC

DJ Newswires

5/5/11

9:55 A.M.


Dir ZADEL Sells 10,000 Of KULICKE & SOFFA INDUSTRIES INC >KLIC



To: Jacob Snyder who wrote (12159)5/13/2011 1:48:55 PM
From: Jacob Snyder1 Recommendation  Read Replies (1) | Respond to of 13403
 
JPM bc Sept $46 C 10@$1.38, profit $2111