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

To: Return to Sender who wrote (54877)	12/12/2011 4:11:58 PM
From: Jacob Snyder	2 Recommendations Respond to of 95420

KLIC charts: 15 year: Except for recessions and tech bubbles, KLIC wanders in a 5-12$ horizontal range. Don't even think about going long, except for ST trades, at any price over 5$. This bull market: after rebounding from recession lows, KLIC had a pattern of higher highs and higher lows, culminating in the May 2011 multi-year high of $12.72 (on high volume). Even if we are still in a bull market, 12$ is probably a top, and KLIC can be expected to hit 8$ at least once in 2012. If the bull market is over, KLIC can be expected to get below 5$ next year. Since I missed the opportunity to cover my short in October, I will patiently wait for the next opportunity.