Well, it wasn't often very accurate. I believe it was Philippino's translating English for the transcript and often key words seemed inaccurate. A lot of the meaning for me couldn't be trusted. I used to call IR occasionally to get clarity.
So since that is unavailable (I'll go looking for it when I have time) anyone have comments about the call? Especially Q&A?
That's why I usually do .85's - if it makes it under an even dollar amount often it will run that far but not the whole was to .75.
I had some bids for OCT options with no execution.
Both thu and fri part of AMTD's options on KLIC were broken. Everything listed at 0 bid/ask and value in my accounts on calls as well. Thinkorswim had acurate quotes (atleast they had data). I've had a lot of "provider data" issues with AMTD over the years so what new money I've been adding has been going to Fidelity(partly based on comments here when I asked - IB will be my next choice) I just haven't had time to trade over there.
I still have not listened to the call yet. And I don't believe I saw a link to a SA transcript here at Yahoo.
If you follow this MB you'd know that I started lightening up heavily at 13 and had really sold all the long shares I wanted to after 15 and wrote some covered calls along the way.
Overall I am long KLIC. Some cycles I'm totally out of KLIC.
I post most trades here actually.
KLIC had jsut gotten ahead of itself IMO.
My guess is that it's slightly undervalued now.
If you buy 10% undervalued and sell 10% overvalued and scale in and scale out returns are decent. On any stock. It just seems ot be easier done with KLIC.
Good luck. I'll likely be on the other side with common(or calls I can exercise) to help you cover your short later - at a higher price. Shorting for jsut a buck isn't worth the effort.
Intelligent shorts are rare and appreciated. So far you're not in that category.
If it gets under 10 I'll be buying like crazy.
Just nibbling around the edges buying back trading shares now.
May try to do a call buy yet today.
Sold some RIG today that was very profitable so extra play money today.
Options don't react as quickly.
Some decent activity with JUL 13's today.
I fI buy it'll likely be OCT's.
Buy MM lookin got get under 13.00
I MUST make time to listen or read the call!
Looks like a purchase was made of Oct 16's for .25 today qty 100 (43 had been open).
Perhaps not a bad GAMBLE for 2,500.00?
This would give me options that I expect to be ITM(in the money) today's 12's, and a real potentially rewarding gamble on seriously OTM calls. If I do buy the Oct 16's at this time I seriously doubt I'll hold until expiration.
Perhaps this post will give him all the attention that he/she craves!
Why exchange idea's when you can anonymously thumbs down any poster with a different thought?
Seems you've been carrying whatever grudge you have with the regulars here for a while. Just put us all on ignore - it's SIMPLE!!
Kept bumping my bid for a small lot from 1.70, then 1.75, to 1.80 before it executed - all in maybe 5 minutes? Fun to watch the bot's follow along.
So as long as KLIC is lets say above 14 on or before the 3rd friday in October I've likely done well.
I will be watching the next week or so and may do any of the 3 main choices - take a pass, buy common, buy calls. I NEVER short, rarely buy puts, more likely I'd write covered calls but at this time I can't imagine a whole lot more of downside.
And for those who strickly buy and hold all in one lot, what happened here is to me EXACTLY why you don't do that, especially with a cyclical or tech and KLIC is both! I don't know many folks who claim to know exactly when to get in and out of a stock to maximize profits. And frankly I don't believe anyone who makes that claim!
Summer usually isn't kind.
But often a fall runup.
And there will be another ER before then.
And of course I can sell or convert them at any time.
I may add common as well. Tomorrow I may have more time to monitor and that will be 3 days, then again the next day is a friday and can be wild.
Overall market downdraft this week and KLIC has a higher Beta along with that CC that I still haven't listened to.
The demise of ball bonding I've been hearing about for the 15+ years I've owned KLIC.
Yes, someday it will be an issue.
But frankly ALL or KLIC's attempts at diversification including flip chip by prior management were costly and ugly.
Wish I were on a safe connection to maybe buy more common or options today at close.
I'll be unavailable at open tomorrow too.
Can't believe ER and CC warrant 2.00 drop. I do think the stock was ahead of itself that's why I was selling months ago - and I'm starting ot buy those shares back.
I nibbled at 13.81 to replace shares sold this year at 14.45 (4 lots) and 15.61(1 lot).
So I have 4 more to buy just in this account.
Have to leave for the day again and will miss the open tomorrow.
Options should be interesting too....
Went down below 14 just after opening.
So chart thoughts?
14 seems like it spent a lot of time there over the past year.
I had an old small order at 14.49 that got filled at open before it went under 14. Currently just above 14.
I sold a lot above 15.
3 day rule.
I'm flying blind as I've not listened to the call and transcript isn't out yet.
I'll likely add under 14 given the chance.
Your 13.80 buy should look good in a year or so.
Yahoo issues too today - "our engineers are working on it" but atleast the MB's are back online.
So - anyone have any notes?
Wow - many things.
Zacks is CLUELESS and LATE! Always have been IMO. You have to do your own DD!
I don't have an ego to think that I have an effect on a stock price at all.
This company was great at one time. And at that time there were knowledgeable industry posters here. Now the company is stagnant and so is this MB.
I've owned and traded IIVI for 15 years?
I attend the annual meetings.
I've witnessed the buying spree, taking on debt.
The real leader unfortunately stepping entirely out of the picture at the last meeting.
If Yahoo hasn't totally broken these MB's go look thru the history rather than make an uneducated comment about my possible motives.
I still hold too much waiting on the turn around.
Some of my cost basis is under 2.00 still.
So I might suggest that you do your own DD, ignore ANY investment service, and perhaps even do DD on a poster before making uneducated comments.
There is serious $ to be made in small caps by doing your own DD. At one time IIVI was one of those stocks. But not for many years.
I wish you well.
After then finally "got back to even".
No I wasn't smart enough to sell all of that lot.
I sure do miss the past performance of this company!
Down yesterdday, down another 1.23 to 17.74 as I type.
And NO - I'm not even close to buying back the shares I sold 2 days ago.
Not that IIVI can't benefit from independent directors...
We need folks like this (and mindless shorts and bashers) to push the stock artificially high so that we can sell a little or write some covered calls.
I have not read the article.
As I have posted before KLIC is in the best shape product wise and financially in all the years I've followed it since the late 90's.
SOME of the cyclicality should have been taken out of it. Well, it's still a cyclical business but with cash on hand I'm thinking the stock shouldn't swing as much - ironically making it less profitable to those of us who cyclically trade it. Just how much remains to be seen.
Don't forget that over the summer often tech's kinda flounder before a runup in the fall.