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To: Jacob Snyder who wrote (12496)	6/4/2012 3:20:00 PM
From: Return to Sender	Respond to of 13403

OT: Hang in there Jacob! Glad to see you had time to check in. RtS

To: Jacob Snyder who wrote (12496)	6/11/2012 1:28:31 PM
From: Jacob Snyder	2 Recommendations Read Replies (2) \| Respond to of 13403

ot KLIC short strategy: cancelled my order to cover another 5000 @ $9.5; changed it to 5000 each at $9, $8.5, $8. KLIC is greatly underperforming the market and SOX in this downturn, so I'm going to wait a bit, and see if I can get out, not just even, but with a nice profit. If these orders aren't filled in the next couple of weeks, I'll probably re-enter my buy at $9.5 order. It is obvious to me, that Europe hasn't yet dealt in any effective way, with their sovereign and bank debt problems. Spain, and even more so Italy, and their big banks, are not just "too big to fail", but "too big to bail out", which means there is no good solution. That in turn means the idiots in charge will kick the can down the road as long as possible, and then we'll have an abrupt transition to a chaotic mess. This is inevitable, the only questions are when, and the specific trigger. So, I'll be covering my shorts on this dip (which, I'm guessing, isn't yet the beginning of 2008 redux). Then, I'll be reshorting on the next rally. Long positions will be very cautiously initiated, in already-hated quality stocks. Any long position I initiate, till the next market crash, I'll sell half on any 20-40% upmove.