Cohu, Inc. (COHU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cohu, Inc. (COHU)

COHU 27.62

+2.8%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Henry D who wrote (2803)	4/11/2002 9:03:38 AM
From: robert b furman	Read Replies (1) of 7827

HI Henry, Exactly,A cup and handle is just a congestion pattern.It often precedes a nice move up. stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iUb14!Ll14]&pref=G What it really does is make people nervous.It is a lack of action(increase in price - it just never seems to be able to get over the high of the cup and then the handle goes slightly down -( thats depressing )- on light volume - that's the clue that you should be patient. The handle goes down on light volume - because the ownership of the stock is in strong hands.The light volume represents the minority of holders who are getting unnerved by the stock's inability to go up over the new high. The resitance we're fighting to pop over now - is a very long term resistance level.It goes back to 1997 -which failed and 2000 which went on to the old high 61 3/4. Next week I think will break us out and over.Subtle accumulation in here will give us a nice cushion not too far off. Watch the daily trades : a few hundred here a feww hundred there and all of a sudden a 2500 share block or 5000 share block goes thru.Who's doing that (you and I can't).Mostly institution who trade thru a block desk - get that done. When I sold out in February 2000 - my broker told me he was getting in trouble selling blocks of 10,000 shares without going thru the block trade desk. I think they do it to manage risk. In the final cup and handle in 2000- there were some days of big volume - made big by one or two large blocks.I think this is account shuffling - one fund to another transfers its position to another - like value fund to small cap fund.This doesn't result in stock making it to the street - it is a sign of strength.But a little unnerving none the less. Very good support at 28.45 - 28.50.I've not beeen able to get any 28.25 - others have moved in and bumped up the bid. This is a good thing.gg Bob I need something Oracle is kicking my but.I still like the company long term.Their business sector is down and out just like semi's get - great next cycle stock with no debt and big margins.The best part is they will lead the growth of internet based "web services".

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next