KLIC crapped today with our target 12 easily going to be hit. We had it as pivot play based on the so-called news, expecting it to be a 'now or never' play. Well Its NEVER, Expecting next target of 11 or lower. This baby was a 'terminal short' from the 17.20 area (of course we did go into swing shorting and finally only one day LONG TERM DAYTRADING at the "bear flag" rally area) BUT continued to short it below 14.85 to 15, and KLIC joins our list of TERMINAL SHORT at every and any rally (and now a swing short) It has filled the gap of 10/28 and might be testing as low as 10.50, but interim target is 11. (KLIC 108% gain so far from the first short after earnings)
Everything below was posted in our newsletter including the conference call information. We were debating between KLIC and KLAC but decided KLIC had more to move.
Kulicke & Soffa Announces Date for Its "Semiconductor Industry Trends" Conference Call Wednesday February 18, 10:49 am ET
WILLOW GROVE, PA--(MARKET WIRE)--Feb 18, 2004 -- Kulicke & Soffa Industries Inc.(NasdaqNM:KLIC - News) today announced that it will hold its regular "Semiconductor Industry Trends" conference call to offer a perspective on the industry and discuss pertinent aspects of the Company's performance.
Event: K&S "Semiconductor Industry Trends" Conference Call. C. Scott Kulicke, chairman and chief executive officer will host the call. Maurice Carson, vice president and chief financial officer, and Michael J. Sheaffer, director of media and shareholder activities will also be present.
Date & Time: February 24, 2004 at 9:00 AM Eastern Time
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