[Opening Position in Kulicke and Soffia (KLIC)]
Dear Member:
Kulicke and Soffa Ind (KLIC) has been rolling between about $8 and $11.85 on the weekly chart going back to 2005. It began a shorter term trend up in August and has just bounced up off that trend and broken a little resistance. I am placing an order to buy the stock at $8.75 or better. A close beneath the up trend that began in August on the daily chart is my initial exit.
DISCLOSURE: At the time of publication, I have no position in KLIC>
Sincerely,
Bill Kraft
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