Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 23.25

-1.0%

2:37 PM EST

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To: Proud_Infidel who wrote (2613)	1/18/2002 11:50:13 AM
From: robert b furman	Read Replies (2) of 7827

Hi Brian, You and I MUST have gone to different high schools together.ggg It appears we keep getting the same education. I like the look of Cohu's declining handle on reducing volume. That to me displays technical strength.I believe institutional support has accumulated Cohu stock - so it downside should be somewhat limited. I'm carrying a weekold piece of paper in my pocket that shows the 200 day moving average to be 18.71 ish.Cohu is one of the FEW stocks in semi land that has a 50 day ma above it's 200.That's a plus that should also show further support at the 200. CLOSE NOW That being said, Nvls (a stock who's 50 day ma is NOT over it's 200) has gapped well below it's 50 day moving average.That's bad.Since monday is a holiday Nvls will announce earnings tuesday 1:30 PST.They have already announced the need to lay off more people (which means a decline of backlog and a stretching out or maintenance production level for a longer time frame.Intel and today tsmc have announced Cepex reduction plans for 02.It appears the turn must be a surprise and is now universally anticipated to NOT OCCUR in 2002. That's not to say Mr Market won't be surprised in H2 of 02. So far Amat is perched on the 40day and dipped begrudgingly into 39.98 this a.m..Almost anytime it touches below a pey level like 40.,a stock has a way of getting below it a bit more and a bit longer.Even Amat has to announce what has to be a slow backlog as well. Terradyne and Kulick have both surprised to the negative.That sets the tone for Cohu's earnings to be soft on January 30th at 2:00 p.m.. I'm setting here having reduced my margin,taken some tax losses last year and deposited my last years bonus waiting with substantial purchasing power.Still have all my Cohu and actually paid in the high 19's for 6600 extra shares since December.I'm ok with holding those as I want to get them to get into capital gains status. In summary - I a buyer no higher than the 200 day ma. If that breaks I'm upgrading to Amat,Nvls and Intc.Keep in mind my truck is on the helper springs as I loaded up in the 13 back in September also. With Cohu's lack of liquidity -I've got to look at snagging some of the 800 pond gorillas that at least give me dancing room - in a market trend change environment. Bob

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