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Biotech / Medical : Coherent (COHR) : Anyone else holding? -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (293)	10/27/1997 7:36:00 PM
From: appro	Respond to of 788

At $37, COHR is right back to where it was at this time a year ago. I do not think it will get much lower than low thirties. It is starting to look tempting at this level. Of course there are a lot of tasty morsels on sale after recent broad correction. In low thirties, I would be buying because I see it climbing back into forties within a month. IMHO. Ya gotta love this volatility. : )

To: Doug who wrote (293)	10/28/1997 9:16:00 AM
From: JDN	Read Replies (2) \| Respond to of 788

Dear Doug: I make nothing of it as it was irrational panic. In a market like this anything can be given as an "alibi". You could say COHR will not meet this quarters earnings, or COHR does business in Japan. Here is the BOTTOM line. COHR is an established highly respected laser manufacturer with significant financial strenght. They have targeted moving more into the industrial laser field with Eximer lasers but meanwhile they are also bringing out newer medical and aesthetic lasers. The earnings drop is temporary and understood. While naturally, I would like to buy more at this lower level and in fact it might even go lower before it stabilizes, I predict that by November 15th we will at least be back to the prices of last week. Why 11/15? Because most of this selloff was caused by Mutual Fund managers looking to lock in their profits for bonuses. The money is going into money markets and other very short term cash accounts. This means they expect to buy back in to the market at reduced prices. Once EVEN one starts to buy, they will rush in like a herd of lemmings as none will wish to miss the FIRE SALE. Hold fast. JOHN