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

To: Bob L who wrote (2757)	3/23/1998 12:27:00 PM
From: Jeffrey Thompson Hunter	Respond to of 5482

Objectively, which is difficult, seems the entire market will pull back for the next few weeks. Klic has a beta of 3.8 at this point, so when it hits 17...LOAD UP!!! Maybe everything management has told us are lies! Intel, Motorola and Siemens are building new fabs. Intel and adi orders good for 8086. Korean co has letter of credit. Someone mentioned all the bonders were sitting on the loading dock with nowhere to ship them to. That does not fit the build-2-order model. Just trying to make sense of the perversity.jh

To: Bob L who wrote (2757)	3/24/1998 6:27:00 PM
From: j.m. lillich	Read Replies (1) \| Respond to of 5482

George Soros' view of markets is that one makes money by buying what the market is undervaluing. For socially conscious types, you can even make a case that the value of markets is to set the value of companies and commodities accurately. You and I make money on the the difference between real and perceived value. So: a co. such as KLIC is solid, dominates its sector, has good management ... BUT ... the perception of stock market opinion makers is that this is just another volatile semi equip. maker completely dependent upon the demand for machines that make chips. Not true, do you think? My view (and my Ph.D. is in English lit.) is that the technical analysts are the astrologers of the market. But they _are_ influential. I am encouraged that the volume of KLIC seems to me to be rising (over the last couple of years). As a conceptual kind of guy, that may be just an impression. Some of you more mathematical types can confirm or refute this, but more volume IMNSHO is good for solid cos. such as KLIC because there is a truer view on The Street that this is a co. to be reckoned with, beyond the tech-astrololger types. I say buy. Now, if my electronic investment co's server weren't down, I'd put in an order at $20 and hope the market tanks tomorrow. (Disclaimer: I own blocks of KLIC at $24.50 and $26.50 and am not worried.) semimike (formerly tigermike)