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Non-Tech : Kirk's Market Thoughts
COHR 134.65+4.6%3:59 PM EST
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robert b furman
sixty2nds
techtrader73
To: #Breeze who wrote (23087)3/3/2025 6:46:36 PM
From: Kirk ©4 Recommendations  Read Replies (2) of 26418
 
Let this serve as a warning to some that betting too much on eWave puts you at huge risk because when it fails, it fails badly and often quickly much like losing other support lines I've used to buy stocks...

In a bull market, people put in buy orders at these support levels... it works until it doesn't which comes when sentiment stinks.
Message #23087 from #Breeze at 2/6/2025 11:37:47 AM

Kirk, here's a COHR Wave Count Update. Minute Wave (circle) v of Minor Wave 3 is in play with a target of 127.97. Breeze

COHR closed at $100 on that graph and today it is 32% lower less than a month later... I think Many/most of the high momentum stocks of 2024 faced a similar fate.

COHR gained 118% for me last year. Only an idiot, awful trader (or very, very bad gambler) wouldn't think it was at risk of similar downside volatility. I put most retail investors in the "idiot" class as it was amazing how many were trying to get me to buy into telling them to buy these stocks near their tops.

One either needs to have the stomach to buy lower or very tight stops below the obvious support points. If there is any positive from this decline, these lower lows are coming on lower volume.

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