CHATROOM

Why Buying KLA-Tencor Corporation (KLAC) Here Is Laughable

September 9, 2008 at 1:32 pm
by Timothy Sykes

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I’ll admit it, no matter how much I know they’re pretty useless, sometime I get tempted to click the headlines. No matter that I know the vast majority of financial journalists/wannabe ANALysts are no better at giving financial advice than a bum on a street corner, I still click.

So I shouldn’t have been surprised to see Morningstar stock ANALyst Jeff Viksjo recommend buying KLAC in his “This Tech Titan Is Poised to Gain 20%-Plus” joke of an article (click HERE to see article).

I’m not even gonna waste my time picking apart his reasons–coincidentally which are all fundamental-based….the 5-year chart debunks his thesis far better than I ever could:

Posted in ANALysts, Breakdowns, idiots

Tags: ,

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  • impliedvolatility

    it looks like a sell as it broke multi-year resistance at 35

  • impliedvolatility

    it looks like a sell as it broke multi-year resistance at 35

  • http://www.test.timothysykes.com TIM Sykes

    EXACTLY…these frigging fundamental ANALysts just ignore one of the most reliable chart patterns of alltime

  • http://www.test.timothysykes.com TIM Sykes

    EXACTLY…these frigging fundamental ANALysts just ignore one of the most reliable chart patterns of alltime

  • AmericanDrm

    Lol, that so funny even my retard a$$ can read that chart. Have to give it up to Timmay though thanx man learned it all from loveyou!!!!!

  • AmericanDrm

    Lol, that so funny even my retard a$$ can read that chart. Have to give it up to Timmay though thanx man learned it all from loveyou!!!!!

  • leo00o83

    well they need some suckers to buy into their selling all the way down, then have an appearance on CNBC telling those same suckers to “buy on the way down”, that’s wall st. for ya.

  • leo00o83

    well they need some suckers to buy into their selling all the way down, then have an appearance on CNBC telling those same suckers to “buy on the way down”, that’s wall st. for ya.

  • http://www.test.timothysykes.com TIM Sykes
  • http://www.test.timothysykes.com TIM Sykes
  • http://beatdown.blogspot.com vo

    that’s an 80 million vol spike at the breakdown too?

  • http://beatdown.blogspot.com vo

    that’s an 80 million vol spike at the breakdown too?