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To: Galirayo who wrote (131873)	4/17/2006 7:55:53 PM
From: robert b furman	Respond to of 209892

HI Ray, Value your thoughts. I like the Macd and RSI oversold set up,Macd Histogram looks to be rolling up. Earnings are due %.)) EST on thursday after hours. Since Q4 they've made a small acquisition and will add 14-15 million in backlog. I know this thread doesn't like to hear it - but I think fundamentals could fuel the reversal. They have a book value of 11.18 and half of it is cash. Trailing twelve month earnings are 1.50 so we've got a pe of 14 ish and a 36% revenue growth rate. The last webcast talked about a 19% drop in orders of their highline testhandler (biggest margin product).That initiated an AH sell off on the stock. Y over year orders are now only up 340-35% as a spike in Q2&3 was historically unusually strong. An order rate approaching normal and a growing backlog will go a long way to restoring price. This stock went through these big price swings during it's meteoric run up from 98 to 00 also(if one adjusts for its September 99 2 for 1 split. As a side note the negative webcast on February 2 came after management had sold all of their options of stock in December and coincidentally caused a price reduction in the "market value" stock price used in the new management performance options package for the 05 plan ($20.42).Three weeks before that we were pushing 29.49. I'd like my option purchase price to be 9.00 lower too. Perhaps I'm just reading too much into it. Its a good stock with bank like balance sheet and great products - so I can be patient. The very worst part is you are right about the overhead Resistance.Cohu will have to fight its way through some suppy around 22.50 and higher to 29.50ish. Thanks again for the interpretation. This is a great thread of talent - I lurk and occasionally ask for interpretation as I'm learning the jargon and ways of wave counters.Hope it doesn't distract too much. Bob