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Technology Stocks : Semi Equipment Analysis
SOXX 316.33+1.3%Dec 10 4:00 PM EST

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To: Donald Wennerstrom who wrote (68772)6/5/2015 2:48:56 PM
From: robert b furman   of 95561
 
Hi Don,

Runomo and I have been trading Cohu and watching the price action over on the Cohu thread.

Several days back Cohu hit a top in the 13's and 100,000 shares traded with no further advance.

I'm sure Sidoti went short here waited several days and came out with their Hold from buy.

This morning there were 960 shares sold in the pre open - you probably need and appointment with Obam to get Cohu to trade in the premarket.LOL

That stated the skid and 100,000 shares cascaded down from the already weak open.

Pur manipulation - the sign of accumulation before this next earnings web cast on July 30th.

That's my take on it - I can't prove it ,but I'm sticking to it! <smile>

Cohu's support should come in at 12.35 which is the low of the previous larger waves 4th and its 38.2% retracement.

The .618 retrace is about 11.56.

screencast.com

Bob
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