Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 23.73

+1.1%

Dec 30 3:59 PM EST

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To: Henry D who wrote (1858)	4/4/2000 8:16:00 PM
From: robert b furman	Read Replies (1) of 7827

Hi Henry, Always in past markets the shake down is dramatic - but the slow tenuous grinding of sideways motion is very effective in shaking out the weak holders who have just barely survived the MARGIN CALL TRAUMA !! If Cohu pops up and glides the 38-40 ish range a comfort zone will be created.Then the trauma of sell-offs will reacquaint itself with marginal holders clinging on(they will also be less rested in a week hehe). The perfect bottom with a final shake out can be seen in sept. 98 thru oct. 8 98.I have always wondered if it could be repeated but the vix spike to the 60's on oct 8 th was the perfect fill the dump truck buy. I bot 1000 shares at 13 3/4 that day after selling 1000 shares at 16 the week before - I recall it well as I had received about 5 of those lovely margin call letters the previous week.I was averaging down as best I could with very depleted purchasing power.During that time period if you can recall I used to jokingly say " Remember the winner is the one who buys the most at the lowest price".I was a believer in Cohu and didn't care if I lost a point selling at 16,if I could buy back 1200 at 13,in the long run it would better meet my goal. I expect a floating comfort zone that lulls owners into complacencey and then a very quick abrupt test that will bail out the margin stressed survivors and then a quick pop up that will not achieve new highs, although it will be very convincing. This last dip will maybe happen on a vix spike to 60 and a Buy the Dip there will be immediately rewarded with a fast final momo run to the top. This is where some perfect shorts must be initiated for the next "wealth defining moment in Cohu history - the short side. JMHO and only a guess. Bob

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