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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (53985)	9/30/2011 12:01:24 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 95574

<the bottom of the trading channel be a good place to cover the short> Yes, and that's what I've done usually. I will regret not covering at 8$, if we re-establish support there. However, since I am expecting a series of lowered guidance this earnings season from tech companies, I've decided to wait a bit before covering my shorts, to see if support lines fail. The risk: KLIC goes back up to 9$. The potential reward: If support at 8$ fails, we could step down to 7$ or even the mid-2010 lows at $5.27. That's a favorable risk/reward balance, IMO.