Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 26.86

+3.1%

Jan 9 9:30 AM EST

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To: Christopher Brainard who wrote (2805)	4/12/2002 12:34:31 AM
From: robert b furman	Read Replies (2) of 7827

Hi Chris, I had the privilege of watching Cohu decline this afternoon. I caught every tick and trade. Scottrader shows time and sales.Somewhere around 1:00 CST some people sold about 6000-8000 shares "at the market". All of the good ole boys Market Makers each took their "required 100 shares "each. as they handed each other another panicing mullet who "sold at the market". I take that back.Please let me explain. I think this was manipulation - at its finest moment.On a day where volume was extremely light (35,000 shares of buyers and the price was up (28 plus)in the face of an entire market decline,a multiple group of people sold " AT THE MARKET" somewhere between 6000 - 8000 thousand shares. This good ole boy raping of a seller "at the market" allows the market makers to cascade the price down at 100 share increments (the market maker's obligation to providing equity and order to the market).Each 100 shares the price dropped about 12 cents. I watched Cohu cascade down in price from plus 28 to 25.80 ish in less than 8000-10000 shares. Think about it - if you had thousands of shares of Cohu and felt an inflection point imminent - how could you depress the price of a stock - especially if it is trading on extremely thin volume. Well the answer to that is - push supply - offer for sale Cohu at the market. Volume went from 35,000 to 45,000 in less than 10 minutes - that took volume from 35k to 45 k - then as panic and fear took hold the daily volume all but doubled(to about 60k). So - prime the pump with fear on giving "to the market 6-8000 shares and buy all you can at 25.76 or 26 and get twice as many as you sacrificed to develope the sell off you took advantage of. I bot 500 @ 26.07 and the bid went immediately to 26.30 after I picked off the "sell at any price" ask. It is manipulation pure and simple.It is the final shakeout - created by the sponsors of this stock.It's purpose is to scare you out of your position - just before the rise. Like I say - it is wise to always expect the final shake out - it is the "perfect buy". Tomorrow on any weakness, BUY with Maximum agressiveness. Next week when TXN and Intc report - the world will know recovery is already in the works. These times are scary - that is their intent. Refuse to acknowledge it - and Buy with confidence. See how easy it is.<VBG> Bob We're very close to a turn around. Note: Intc held it's ground throughout the selloff.hint hint.

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