Coherent (COHR) : Anyone else holding? Message Board

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

COHR 139.28

-0.5%

Nov 14 3:59 PM EST

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To: Tom Sackman who wrote (22)	9/8/1996 4:47:00 AM
From: Asymmetric	of 788

Coherent at $37 Do you or anyone else know why Coherent is correcting so severly? It has declined more than 33% since just early June. Someone out there knows something and the stock is getting steadily dumped. Is business still solid? Stock now selling at a PE of 16 which seems cheap to me. However at this point, I wouldn't touch the stock as it doesn't seem to have bottomed. Bad sign to me was when the NYSE and Nasdaq rallied Friday, Coherent still fell another point and a half. Relative Strength in Investor's Business Daily is at 23, meaning Coherent is in bottom 25% of all stocks as far as performance. I don't see the stock hitting 50 anytime soon. Do you?

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