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plexxus

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plexxus

Re: michael03332002 post# 118609

Thursday, 06/12/2003 9:28:23 PM

Thursday, June 12, 2003 9:28:23 PM

Post# of 704019
Some serious contraction in volume in KLAC today on the pullback...i agree that fundamentally it could trade at half its value but thats so widely known that its discounted by having a massive amount of shorts (many now trapped) in the shares that keep propping up these issues on every dip creating a support floor. I agree with a prior poster that if KLAC got upgraded it would cause a strong squeeze short term.
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