Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 30.61

+2.9%

9:55 AM EST

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To: Henry D who wrote (973)	10/9/1998 8:08:00 AM
From: robert b furman	Read Replies (2) of 7837

Henry Yesterdays shakeout having good volume was important to me .It signifies that many people capitulated their position.This is a requirement before a reversal can occur.Ownership must go from weak hands to strong hands.For the next price rise to be truly big there can't be a lot of stock out there to provide overhead selling resistance.If most positions are capitulated at the bottom those few who supply the shares to the buyers during the uptrend will only parcel shares out with a wide spread and an increasing ask. It almost seems so strange to discuss the joy on the otherside of this trauma - but you mark this post - It will happen. Cohu has thumped poor Aseco and Aetrium so hard I'm not sure they will survive.They are the only full-line provider. I just wish they could use this depressed equity price time to make another high margin leading edge acquisition.Beginning to see articles on equip mfrs M and A.Recent article has firmed up Adex. Still think Cohu should tender Asyst and become a mid cap stock next cycle. We are at a bottom - don't think about paper losses.Think about how you can get maximum ownership without endangering your account. Isn't this game perverse in that "Buy Low Sell High" makes so much sense and yet when equities are offered at their greatest value we tend to hesitate? Bottoms are times that "WE MUST KNOW WHAT WE KNOW". HOLD WITH CONFIDENCE ! Here's where I need your help VISUALIZE Cohu in the TWENTIES.The bidders and chasers will take it from there. :-) Bob

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