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To: Jacob Snyder who wrote (12565)	9/18/2012 4:27:26 PM
From: Jacob Snyder	1 Recommendation Read Replies (1) \| Respond to of 13403

KLIC cs 4000 @ $11.21, profit $3080; These were shares I shorted at $11.98 when a limit order cleared last month. Entered order to reshort at $11.98, 5000 shares, which I may double up on, if KLIC continues to stall repeatedly at $12. reasoning: KLIC has been in a 11.2-12 horizontal range for the last 5 weeks QE3 is probably going to put a floor under stocks, and particularly risky stocks, at least for a few months The trend remains up, medium-term, for the overall market. I'm guessing there isn't much downside short-term, but I'm also guessing there isn't much upside medium or long-term. Whatever benefit to stocks from QE3 will be given back, since QE3 won't result in any permanent increase in jobs, wages, sales, profits. The S&P500 is getting close to all-time highs, but corporate profitability and profit margins are unlikely to get much better than they are now. disclosure: my sole remaining short position, is 5000 of KLIC I shorted last year, at $8. I stubbornly (stupidly?) refuse to cover that until I can get out even. I have not sold any of my long positions during 2012. They are solars (doing very poorly) and large-cap dividend stocks (doing well). I will probably celebrate all-time highs for the S&P500, by beginning to sell those LT long positions.