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jenna

02/13/04 2:58 PM

#21275 RE: jenna #21274

KLIC just a trading stock. We buy off moves from 14 for highs near 15 and SELL short or just dump this easy 1 point mover in both directions. We made bunches of points shorting and going long KLIC but never holding this beyond 15 which is area of prior breakdown. 100% profit on this KLIC from 17.20 to 13.25 and back to 15 instead of averaging down and holding this baby for more than a trade.

Back testing the lows of 14.25 KLIC runs the whole gamut.

expected pullback in the 14.80 to just under 15 area and all our fibonacci retracment areas from yesterday have been killed nicely today.



We're careful not to EVER LET PROFITS ERODE especially in easy to short and predictable plays like KLIC. I wouldn't bother to do that with a lot of other companies because KLIC is cheap easily tradeable and PREDICTABLE.


Yesterday's move up and chart.