Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 154.92

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12:32 PM EST

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To: berniel who wrote (5458)	1/24/2018 2:45:05 PM
From: robert b furman	Read Replies (2) of 26429

Hi Bernie, I saw the recap on TXN. Everything was in line including next quarter guidance and improved magins (in the lower to mid 60's that is Intc like!!) I think we are seeing a C wave start with today's gap down at the open. Watching Sox and Soxl. Both Cohu and Brks look to be starting the final major wave of a corrective wave that began on November 8th 2017. Looking for 5 waves to finish up the corrective wave. Keep in mind 5 waves can truncate. Brks is announcing earnings on 1/31 and Cohu is announcing on 2/15. - both are tentative and not confirmed by a press release. With the recent tax changes - no doubt a lot of mid night oil is beiing spent on non cash adjustments to 2018 and the taxes to be paid - so may be delayed. Cohus first down wave A took 30 days - so this C wave is 20 days to first eps report dats and 23 days til February option expiration (which sometimes happens the thursday before that which would be the Feb 15th or 22 day. A couple of day truncation till EARNINGS WOULD BE PERFECT! .382 RETRACE FALLS DOWN TO 20.31. SELL IN THE MONEY May $22.50 PUTS for $2.00 - $2.25 and buy the march $22.50 calls around $2.00 and pocket some change and bet on good earnings to move the stock up into the next impulsive wave up. Synthetic long but with a time premium to help pay for the trade - just a trade not a big position "Add to" during the C wave dip. That's my plan - I can't prove it , but I'm sticking with it. <smile> Same idea on brooks but off the 50% retrace @ 22.06. Brks went up much higher and has flallen farther. Both had great Needham investor presentations and can be seen on their websites. Bob

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