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


To: Nutty Buddy who wrote (3044)6/15/2002 9:49:48 AM
From: robert b furman  Read Replies (1) | Respond to of 7827
 
Hi Buddy,

I'm sold - my time down has been satisfied,the percent down has been satisfied and we've had a weak but historically correct VIX spike.

If and when Cohu floats back down approaching 17.50 or better yet the long term uptrend line at 15.85 It's time to bet the farm.

One caveat - I must see price going down in divergence with:TSV time segmented volume,BOP Balance of power,Moneystream.These are all TC2000 indicators and they have signaled the safe buy zone in the face of declining price before - when they were going up as price went down.

To me this combination shows last minute accumulation (by people with much greater funds than I) during periods of great negative market emotions.

The perfect buy.

We are literally at the cusp - I'm hoping for next week to float sideways -very unconvincingly as accumulation stealthfully takes place.
A bad Monday at the open or close would be perfect.

Oracle announces after close on the 18th?
oracle.com

They have the horse power to change perspectives on an increase of IT spending.Especially if as I believe the next wave of IT spending comes from internet - web based services (and Orcl is the king in this category jmho).

Maybe I'm drinking too much coffee this morning!?! but I say we're very close to the turn.

Bob

P.S. As always your contribution to this thread is a great asset.Those who read here have been well informed of the "surprising decline semi have made".Now it becomes a "take a position challenge" I took too big a 200 day MA in my overzealousness like of this stock.That made me back of the step 2 and I've been sitting here with an itchy finger - I find it exceptional that I can average down on Cohu right before the health of the sector becomes more widely accepted.

It will be a pleasure documenting the next leg of this study:
RECOVERY FROM DIP-THERIA - A wealthy experience.ggg

Bob