Big reversal in overall markets today, and tomorrow should see a big squeeze across the board.Looking for a couple of days rally and then I'm going to dump some shares. For some reason, klic sure likes this 11.38 spot
I trade lam all the time, but got out at 75. Didn't think we would get this latest push without a retest of the lows. It might be the best equip company out there . Lam klac and nvls all in one. Now if they would just buy ilic
Have we seen the market go up , and keep going up, just because it can. I've been saying it along time, that earnings don't matter anymore, if they ever did . They have lowered estimates time after time, then they spin it, that its all bout the future and 6 months out. Then when the 6 months get here the earnings estimates have been lowered to meet the agenda. Earnings have been going down for a year , and this quarter might be the worse, but the market is marching back to new highs. 6 weeks ago we were going into a recession, now everything is just rosy again. S&P pe's are high, earnings are low , yet the market goes up everyday, everything except klic of course. How long can it last this time ?
I used to trade this a lot and do pretty well, but lately the only time it moves is when they report earnings, and then it just sits there for 3 more months. Used to have good swings, so now its just a hold instead of a tradeable