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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (12684)4/22/2013 10:36:12 AM
From: Jacob Snyder3 Recommendations  Read Replies (1) | Respond to of 13403
 
KLIC cs 6250 @ $10.19, profit $7682. These were shares I shorted at $12 and $13 last January and December. Still holding 10,000 shares short.

SOX at 414. The SOX has repeatedly found support in the 410-415 area this year.

If we get bad earnings reports, SOX could retest LT support at the 5-year moving average, now at 355, and KLIC could hit $9. If earnings and guidance is good, KLIC could get back above $12 quickly. I'll cover the remainder of my short position the day after bad earnings. I'll short more above $11.50 if the opportunity presents itself. As I've done before, I'm willing to short as much as 20,000 shares.