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

To: Lonnie who wrote (2558)	12/19/2001 11:02:51 PM
From: robert b furman	Read Replies (1) \| Respond to of 7827

Hi Lonnie, Right - many have been taken to the woodshed. Anybody not hitting their number. The whole world knows this quarter and next will be poor. Many stocks go thru a shakeout prior to a turnaround. As a matter of fact one should expect it. If you study long term charts it becomes very predictable. Sort of like "smugglers blues" - " the lure of easy (quick) money has a very strong appeal" - If you doubt it can happen in this market check out Intc - in September Intc sold @ 19.05 - i it's now at 33 ish. NOT BAD !! Cohu slipped thru its 20 day ma -simple on very light volume.Some poor shmuck said sell it "at the market" - that made it smorgasboard for the different MM to clip the poor bastard 100 shares every .13-.15 cent reductions then some lucky person buys a 1000 at 19.00.hehehehe So in recap we had a light volume sell off that MM ripped some poor frightened seller. Then some small blocks took advantage of the discount - nothing I've not done myself - but it doesn't signal a watershed sell off - yet. IT IS DO or DIE TIME !!! We now are at the 40 day ma -simple.We are on the 40 day simple moving average - we are on it !! If you plot the line as wide - it meets , If you plot the line as thin it goes to 18.98 and it has been violated.Make no mistake their is a margin of fear here - it is a marginal thing. The only trade I saw at 19.00 was a single trade of 100 shares and it had "panic written on it - if you compared the spread between buy and ask. It's sort of amazing ,that technical guys determine all their wisdom based on the price of the most scared seller and vice versa for buyers.hehehe At any rate we're not plummeting yet - but we might be suckin wind soon - if so, it probably delays the next rally by 60 -75 days and then the world will recognize the economic turn that is already cooked into the soup is comin once again. Hey Henry maybe you can support Cohu in the 13's again - if so you better be quick cause I'm selling my other stock and gettin more- besides I've got some tax selling to do.ggg(albeit not that much).hehe TC 2000 shows all systems go - the volume has been on the up side - the down days have been light and that's how bulls act.Interesting how the NAZ was down and the DOW popped up over 10,000 while the Naz stayed below 2000.Very close to 2000.- it won't take much of a move to put both over their magic numbers. Looks like deceptive jockeying to me. I'm thinking the stimulous bill - if passed could be the difference.A 30 % tax credit on technology purchases is a huge discount from the government - in my world that means a new computer sytem at work for all accounting ,payroll and Custmer Resource Management - you know the kind that allows service to schedule,authorize and pay for work via an e-mail address - neat stuff but expensive for small business.This tax benefit makes it affordable and cool vs just a dream. No doubt it would breath life into our favorite sectors. How this should be held up - so people without jobs can have health care from the government (something never given before and smacks much like an employment disincentive to me)just blows my anti- pork barrel mind.(stirrin up the pot now),gggg. Any how ,I see this market getting better - cheap money is still at work whether Dascle likes it or not.So it may just take longer - if nothing else I got my bonus today and can reduce my margin to where I'm bullet proof. It may just be I get one more gift before the final breakout.hehehehe After all Ted used to call final shakeouts the last gift - I'm not one to stare a gift horse in the mouth - but it sure would be fun to see the shorts finally cover. Last night Art Cashun said shorts were hard to find - that's a good thing. Tomorrow should be weak in the A.M and we crank from there or it may well be the best present for Christmas won't be under the tree - but rather available in Wallstreet<VBG> Bob