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Technology Stocks : KLA-Tencor Corporation (KLAC) -- Ignore unavailable to you. Want to Upgrade?

To: John Chalker who wrote (869)1/3/1998 9:47:00 AM
From: cuemaster  Read Replies (3) | Respond to of 1779
 
the daily chart looks to be moving into a clasic saucer pattern
basing at 34 and moving up and out to the 38 range.the question is
is the downtrend over? any thoughts???



To: John Chalker who wrote (869)1/9/1998 11:02:00 AM
From: John Xu  Respond to of 1779
 
>>John, You have written naked calls against a stock that has ALREADY declined by more than 50% and
>> lately has rallied strongly in the face of bad news. BEWARE, your loss exposure is unlimited!!!

I bought back KLAC and became covered. Not sure it has
found the bottom but the market is oversold and we might
have reliefs next week.

John


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