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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (2517)	1/24/1998 2:18:00 PM
From: HoodBuilder	Read Replies (3) \| Respond to of 5482

Carmine let me tell you what really happened. I was under the impression that the street would respond with a certain level of common sense to a company who had to report that it wouldn't make as much money as they originally thought it would. I knew going into earnings that Korea was dead as did the rest of the free world. Logic would dictate that a company that does 20% of its business with a country that can't afford a Big Mac let alone a ball bonder was going to hit earnings by at least 20%. I also thought that I could recover some of the capital that I lost when KLIC fell from the 50's to the teens by purchasing puts and writing covered calls, the problem was that I was dead wrong, and now look at the mess I'm in. I wrote Jul 15 Calls for $5.75, they are now $6.75, I loose $1000 for each of the ten contracts I wrote. I bought Feb 20 Puts for $2.80 and they are now $1.50, that's $1300 for every 10 I bought. We will now probably watch the stock trade up to $25/share, I'll loose my stock at $15, my puts will be worthless and I will be selling pencils on the freekin' street corner because I invested so much money in a company that has great products, market dominance, and has an earnings run rate that looks like a new attraction at Disney World. Now that I got that off my chest, I'll hope that Bill Clinton gets impeached on Sunday, Saddam declares war on Monday, and the IMF is disbanded on Tueday. If these things all come together I have a 25% chance of making a few dollars on my Puts and covered calls. If not I'll probably buy more stock and start this adventure all over again.