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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 689.490.0%4:00 PM EST

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To: Johnny Canuck who wrote (53232)10/9/2020 8:51:57 PM
From: robert b furman   of 69586
 
Hi Johnny,

Great starting position.

Me? never a Cadillac. Cadillac Cadillac, wish I had my money back.<smile>

I'm a Chevy guy who also sold Buicks and GMC Trucks.

Buick had wonderful cars back in the day, but now they are a SUV maker mostly.

I do like the upscale Denali SUV's and Denali Trucks, but deep down Chevrolet gave me the opportunity to work my way through Engineering school (GMI) and I have huge loyalty to them - even in their darkest days - they gave me a great opportunity that I'll always remember.

I agree with your view.

I finally think that the 5G infrastructure and handsets are either here or ramping, add some EV auto systems and Cohu has finally rightsized and about to get system orders that should be good for 9 to 15 months.

I will also say that Cohu is one of the hardest stocks to own.

It always has brutal dips, so be opportunistic on deep dips (percentage wise).

I love to sell puts on this jewel during those dips. I pick a level I think I'll get and then go down two more put strikes with a single down and then double down on two put strikes lower. It either provides a great entry or help buying the first put.

Although put volume is very light, during climax dips a mid point lowball will usually have liquidity.

I been burned holding the bag so many years, I never chase the breakout. Probably could have made money, but I'm admittedly not nimble and have years of scarred brain tissue. LOL

Great to have your company on board.

Please feel free to offer insight from your experienced view.

More good minds are always a plus!

Bob
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