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Technology Stocks : Cohu, Inc. (COHU) -- Ignore unavailable to you. Want to Upgrade?

To: cluka who wrote (1534)	10/17/1999 2:09:00 PM
From: robert b furman	Read Replies (2) \| Respond to of 7827

Can you explain why options expiration has an effect on the supply or demand of the underlying stock.My observation of Cohu's options these last two weeks were people bot calls 20 or 221/2.I had some hoping for an earnings announcement.They just sort of frittered away. I am by no means an expert on the workings of options. I just don't understand how the trading would have created a selling of the stock (which would have been why the price was weak).Actually I thought the whole world jumped on buying Cohu the minute it got below 20.It popped up to 21 1/4 within 10 minutes and then traded up for 2 hours.I believe there is great underlining support for this stock as evudenced by it 89 relative price strength in IBD.Other stocks doing well are NVLS KLAC - they all beat their numbers like Cohu has (actually Cohu had more of a blowout). Unfortunately the overpowering negative mood of the market in combination of poor news coverage of this companies great financial achievements has temporarily left us with a sleeper that will someday awake and pop to the past highs(28 and I believe ultimately test its past high after a 2for 1 split of 36 3/4- in 1995 ).Then is when my ownership will become nervous - because I really think this stock can do 40.If it is to do that,then I think Rhambus will have to have been proven Cohu will then not only be the leader of testhandling microprocessors and communication chips ,but also the new hi tech upgrade in memory chips( RHAMBUS).This is a huge market that Cohu has heretofor never participated in.They currently are the exclusive testhandler for all testers of this product:Hewlett Pacard (which will be Agilent by next year) Schlumberger or Terradyne. In those players I dream about a tender and a white knight bidding war where all players are well heeled and salivating about Cohu's: margins ,marketplace dominance, and oh yes 74,204,000 cash and securities.Not to mention the real market value of the camera division,Fisher Electronics,the microwave division and last but not least Daymarc(which could be sold off for a substantial portion of the purchase). The real plumb left is the reason for the Tender - Delta Design. This stock always has been a sleeper.That's why I bought in 1985.It made great money but the stock never went up.So keep accumulating on dips and remember every dog has its Day. As stockholders WE WILL TOO !! As Ted Warren used to say HOLD WITH CONFIDENCE!!! May the power of unbelievable earnings be with us. HEHEHE Bob