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To: Andrew Vance who wrote (15282)8/19/1998 9:23:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 17305
 
Andrew: Re: "ASMLF disappointed me and I bailed out of a majority of the stock at fractional gains."

ASMLF looks to be a buy at $26 and change and a sell at $28 and change for now. However, I would not short it from the $28 level. The Nikon news that their stepper business had hit bottom did nothing for ASMLF today.

"I added to the KLIC short at 19-1/4 and am looking for $18 or less as the sector weakens. Book to bill was released and it was pathetically low. we still haven't reached bottom. This has got to drag some of these stocks down. More and more I am convince that the recent mini rally was an Options rally. Up 3 one day and down 3 the next. Lots of games are being played."

Glad to have some company on KLIC.

Do you think this game continues after Friday or are we going into another leg down soon?