iBankCoin
Read Scott here on iBankCoin and also at http://www.createcapital.com/
Joined Jan 19, 2010
717 Blog Posts

KLIC holders, rejoice

I love how KLIC dropped from 8.50 to 6.50 because of some perceived slowdown. It gave us a table-pounding buying opportunity. They just reported and the stock is up almost 20% after hours.

Who says there aren’t a plethora of opportunities in this market for investors? and a chip glut? There is only a chip glut at NVDA…But even that has fallen to an attrative level…

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4 comments

  1. sg

    Thank you so much, Scott. My average 6.82. Tomorrow I sell around 8.50.

    Your thought about 6.50 being the best price to get in was SPOT on. BTW, I am still riding MOT. You rock.

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  2. scott

    Wow. The stock can’t catch a break. First it drops on a “pushback” in orders. Then the stock reports a blow-out numbers and says no pushback.

    Now Merrill downgrades it because it has outperformed, and people are selling it! Are they just stupid?

    This remains a great buy in the mid-to-upper $6’s…

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  3. sg

    Glad I sold off when i did. This looks like death to me. Didn’t like the way it turned out as a trade.

    Are you done with it or you are still looking for 9 and change?

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  4. sg

    oops looks like we were both posting at the same time. Got your answer. Thanks. Will get back in again.

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