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

To: dharampal luthra who wrote (3071)	9/13/1998 7:31:00 PM
From: Paul Winston	Respond to of 5482

If you think that the worst is over, then you missed a good entry point. If you think that the DOW will go down to a new 52 week low, then you can bet that KLIC will see $12.00 or less again. I don't think the DOW will go below 7000, but I also think that the market will be very volatile until mid-October and you _may_ have another very good opportunity. FYI: I bought in at 15 and 13 and am now at the break-even point. I won't be selling in hopes that the stock goes down even though I think that there is a good chance it will in the next few weeks. I will probably hold onto all of my KLIC until next summer. Paul.

To: dharampal luthra who wrote (3071)	9/13/1998 8:24:00 PM
From: Sundar Rajan	Respond to of 5482

I bought KLIC @15 and was disgusted when it went to 11.5+. If you think u missed and still want to own it may be u could sell 12.5 puts and collect premiums while u wait for KLIC to go down. Alternatively you could buy it now and write covered calls for Oct. Option premiums for both calls and puts are reasonable for KLIC.

To: dharampal luthra who wrote (3071)	9/14/1998 12:18:00 AM
From: Smilodon	Respond to of 5482

I was surprised by the price action. After the call, I expected the stock to trade down. The call explained away the potential good news we had heard before. Either investors think the company just won't believe things are really improving, just like they didn't really believe things were getting worse in October. Or, all the bad news is discounted, and no sellers are left. If the former, and things stay bad, you may get another opportunity. If the latter, that was the bottom. Your guess is as good as mine. I am a long term holder and got in at a higher price than it is now. Regards, Archer