% | $
Quotes you view appear here for quick access.

Kulicke and Soffa Industries, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • STOCKDOX STOCKDOX May 6, 1999 10:19 PM Flag

    Down? I don't think so.

    Count, you are actually looking at what I have
    been following over the last couple of months. Short
    term the stock has been under selling pressure. The
    stock as you observe has had difficulty moving over the
    50 DMA. This was the basis for me selling the stock
    a few weeks ago. The $2000 question is whether or
    not the stock can stay above the 200 DMA or not. My
    gut feeling is that we will stay above that level and
    move higher but there is nothing technically speaking
    to support that.
    Finally, my TA squares with my
    fundamental analyis which is that: things in chip land may be
    better then they were a few months ago but they are not
    a rosy as the stock prices say they are. Put
    another way, the stocks just got ahead of themselves and
    they are just correcting some of the excess. I think
    this process has run its course at least as far as
    KLIC is concerned and that is why I upgraded to
    accumulate. I don't think we will break the 200 DMA but if we
    do look out below.

    Regards DOX

12.46+0.23(+1.88%)May 27 4:00 PMEDT