<< Wrong assumption.Nothing wrong with switch but it had not been thoroughly tested with Numa Q. >>
Wasn't assuming anything. Not working with NUMA Q wasn't ANCR's fault so SQNT should have paid up or waited and signed the deal AFTER they tested with NUMA Q.
<< Maybe Ancor is runnig a floating crap game in the executive offices to fund R&D and how do we know that the MK II actually isn't just an empty box with lights and whistles. >>
Now that I come to think of it, maybe that's where the $8 million that was supposedly going to last for "two years" went.
Just remember that Mr. Lewis was CFO when this latest Reg D deal went through. His estimates for how long it would last were off then, and could be off again.
<< But why let the facts get in the way Craig. I guess it makes for a good light and whistle show:sort of like your posts this evening to George or maybe like one of those empty boxes sitting waiting to be sold to Ancor customers. Ed >>
Seeing how the more research I do on this company, the more I find out that the "facts" presented on this thread are biased I guess my "light and whistle" show fits right in.
<< P.S. Were you able to save you and your clients from Coherents 12 point slide or are you still long a stock you think is fundamentally sound. >>
As a matter of fact I did. Sold at 57 5/8. I still think the company is fundamentally sound. You want to see a trade confirmation of my sell? I'll make you a deal. I'll fax it to someone on this thread (but will black out account # and name) if you agree to shut your big mouth and never address me here again. I won't send it to a jerk like yourself.
<< Prices go down and sometimes they go up. Such is life. >>
Yes, they do. That's how I make a living, pal. You see I do follow my trading discipline sometimes and COHR was starting to go up on pitiful volume. It had gone up from 47.25 on 9/22 to a peak of 59 on 10/03. That's 12 points in 10 trading days. On 10/03 it made a new high on very weak volume to 59 and sold off and closed at 56. That's when warning flags popped up in my head. Notice after that (I'll leave out the fractions) COHR closed at 55,56,55,56,57. Notice how it wasn't making any progress. It seemed to be consolidating it's 10-12 point surge. I saw the lack of volume, and no further price increase and got bored and sold. That's it. Furthermore, I told a person from this board that I speak to regulary in private to buy COHR in the upper 40's (right before it broke out of it's base). If COHR was purchased back then at 46 or 47 and held all the way to 59, you could have absorbed that 12 point drop and been essentially even, because COHR traded as high as 47 1/4 after the profit warning was issued. If you waited and purchased at 55 when I mentioned it to this thread you were buying it on momentum. It gained 4 points immediately after I mentioned it to this thread.
Once again I have to defend my trading principles because people such as yourself choose to taunt me. (Go ahead, I love it).
To set the record straight once and for all:
1) I usually have an extremely short time-frame for my trades. Many of my recommendations go up within a day to a week, but then turn around and go lower. That's how tech stocks are. If you want me to only recommend stocks that continually go higher, just buy Dell or Microsoft. (Happy now?)
2) I assume that most investors know what it means to buy a stock emerging from a proper base. Look at a chart of COHR and you will see that it had been basing in the upper 40's for a long time. The best thing to do is to wait until it breaks out of that base on good volume and then buy. Money could be made trading it from 55, but it had gone straight up quickly (parabolicly) and was due for a pull-back. The farther a stock gets away from it's base the more risky it becomes. Most books I've read say to purchase only within 5-10% or so of the breakout. Anything above that and your chasing the stock. Also, books that I've read say that often times there is a quick pull-back after a stock breaks out and there is a chance to buy it if you missed out, as long as the stock doesn't pull back below the break-out point. The pull back should be on decreased volume.
I will give you an example of this. Lightpath (LPTHA) which I recommended to this thread a couple of weeks ago recently broke out at 8 1/2. I didn't mention it to this thread until 9, and you would have had to pay 9 1/4 when it opened the next day. It quickly marched to 10 1/4 on heavy volume. It went parabolic (straight up). It was ripe for profit taking. In fact the chart looked just like COHR. Up very fast. Not the best time to buy at 10 1/4, because it was up 25%+ in just a few days. I posted to the LPTHA thread that I took profits that morning and would buy back on pullbacks. Sure enough it pulled back and gave people who missed out the first time a chance to get back in at 9 1/4-3/8. It made a new high yesterday to 10 7/16 on weak volume and what do you know, it pulled back and finished at 9 13/16 X 9 15/16.
If you are going to taunt me about my picks (that usually go up fairly quickly after I mention them) you need to ask me whether or not I think you should continue to hold them or sell.
BTW, Eleder2020, if you would have been buying COHR when I was recommending it in posts like this in Sep, you would have came out just fine even if you were still holding. By the time I mention stocks like these to the ANCR thread I'm usually looking to hype them up a few points so I can sell.
techstocks.com
Stock Price History for Coherent (COHR)
Date..............Close...........Volume (00s)
10/16/97..........43.125.............3994
10/15/97..........44.063............10235
10/14/97..........56.875..............167
10/13/97..........57.375..............404
10/10/97..........57.000..............495
10/09/97..........56.281..............341
10/08/97..........55.563.............1545
10/07/97..........56.625..............463
10/06/97..........55.500.............1089
10/03/97..........56.000..............793
10/02/97..........57.500..............723
10/01/97..........56.375.............1245
09/30/97..........55.375.............1723
09/29/97..........54.875.............1182
09/26/97..........53.500.............1028
09/25/97..........51.000..............993
09/24/97..........51.250.............1372
09/23/97..........49.750.............1069
09/22/97..........47.625..............476 |
