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Technology Stocks : Cohu, Inc. (COHU)
COHU 23.26-2.0%Dec 31 3:59 PM EST

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To: Gottfried who wrote (2500)12/4/2001 8:49:27 AM
From: robert b furman  Read Replies (1) of 7827
 
To All:
Great to see such activity on this thread !!

I think it is important to note that this company and it's sector bottomed well over a year ago, on October 18 2000.

Since then a double bottom has been put in on Sept 21.The pattern we have here is a W or double bottom.I've got a pivot point buy signal at 23.67 (.12 over the July 6,2001 high of 23.55) Not too far off!! We are working on the right side of a W right now.

Technically this adds greater strength to the chart pattern - both because of the pattern but also AND MORE IMPORTANTLY is the time duration. JMHO

I'm also wondering if Amat's announcement to buy Schlumberger's ion beam division - opens up the road for the test division to be parceled out at a lower price tag.I'm just wondering here and would love some input.

Could be Amat will go after the back end and buy that too??

Or will Agilent step in and Buy up the test division and Cohu. This then gives us a domestic global competitor that can go head to head with Japan's Advantest(which has a combined business model also).

That might be what is really behind the Harkness upgrade????

BWDIK

Bob

One thing for sure - Cohu is neaking up on 20 and I'm liking it.
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