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Biotech / Medical : Coherent (COHR) : Anyone else holding?
COHR 151.47-4.9%1:30 PM EST

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To: appro who wrote (534)5/21/1998 1:12:00 PM
From: Doug  Read Replies (1) of 788
 
appro: 8 Mths ago, my colleague moved into G at a P/E near 40 instead of COHR that had a P/E near 15 or so. Well since then he is up by 50% while we have moved 10% despite a split.

A low P/E stock has a habit of retaining its valuation. This seems to be the lesson learnt. Because of that, I have decided to call it quits at the 24 level.

Good luck. Hope you fare better.!
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