Coherent (COHR) : Anyone else holding? Message Board

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Biotech / Medical : Coherent (COHR) : Anyone else holding?

COHR 157.57

-0.2%

12:52 PM EST

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To: Moray who wrote (139)	7/24/1997 11:37:00 AM
From: Thomas J Pittman	of 788

The '500 lb gorilla' thing is one of the major reasons I own the shares. I agree with you on the appreciation potential on this one. However, I believe that it may be a while since the coverage is so sparce. The problem, IMHO, with COHR (the stock, not the company) is the trading volume. I just checked and the current volume is something like 15K shares. That is just too small to get any meaningful movement in the short term. However, as Peter Lynch says, "In the short term (1 day to 1 year), there is no real correlation between a company's performance and the stock price. However, in the long term (2 years+) there is a VERY high correlation between a company's performance and its stock price." That is why I have a very long view and anticipated holding period for these shares. I believe we are in for a long but lucrative ride. This market has not seemed in the habit of making us wait lately, but I am confident that this one will be worth it. But it sure would be nice to have some big institutional type in bed with us. J

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