Hi Tweets,
As always I do appreciate your view and post.
I've been on this thread for decades and Always said "This is the hardest stock to own in the exchange.
I stand by that statement.
It is institutionally held by 90 percent and manipulating the stock is easy.
Low volume and big players can throw 40,000 shares on a sell "at the market" and it increments down every 100 shares that trade.
True confessions , I owned this dog on margin and it killed me for years.
But when the sector is in favor, and it is debt free with a huge cash cache that represents a significant percent of the price, it launches.
I loved this stock back in the PC cycle days as it bottemed and peaked peak much more often.
Bottom line every chip of value that goes into a circuit board or wafer chip scale package gets 100% of a test before it gets built into a package that is very expensive to declare defective due to a single chip.
Although we are now getting into the era where photons are now doing a better job than electrons, it is a small piece of the big picture. Cohu's temperature cooling still is required by vast majority of inexpensive chips AND expensive chips.
Cohu was a small business and has actually rolled up all the testhandlers for all chips. Along with that long list of acquisitions , they have eliminated all debt and built a large cash position.
I believe the stock is being manipulated and doing a great job of scaring holders out of their positions.
Friday I bought 300 shares at 15.05, 15.15, and 15.25. Sort of surprised I got them and sort of surprised I didn't.
I've got 2000 more shares in stink bids below and then I'm done for a nice position.
Cohu will follow and when they do, they'll print money.
That's my belief, I can't prove it, but I'm sticking with it.
In between, I've got my eye on some dividend payers that I want to sell Cohu for, in a no money exchange.
As I scale out of a large position of Cohu, I'll add great dividend payers just like I did with Cohu for Brks in the 10's and XOM in the 40's.
When AMAT, LRCX,and KLAC start reporting the boom in sales, Cohu shall too follow.
Watch the SOX and we'll ride the wave up.
Hold with confidence and buy when you feel like a chicken thief!
Love ya for expressing your thoughts. It is what makes this a better thread! THANK YOU!
Bob |
