To: robert b furman who wrote (7768 ) 2/10/2025 11:51:07 AM From: robert b furman 1 RecommendationRecommended By CusterInvestor
Read Replies (2) | Respond to of 7827 Chart update: COHU | SharpCharts | StockCharts.com Cohu trading at three year lows. TSI not hitting new lows = some buying pressure at the new lows. TER reported a better 4thQ and an improving guidance. This bodes well for Cohu. The chip Act is transitioning from fab building to new systemt install and testing for the spesc to be met. After that a production ramp will happen, and that puts Cohu to work in new systems. This trough has tested patience and the final shakeout has resulted in some big volume days. I think it is time to be adding to on this dip in price, with TSI not going to new lows. This technical set up is usually a very good time to be adding a 5% ADD TO. Those who trade on Harmonic balancing, look for new lows and at higher RSI. That is the smart money buying at new lows, and is what triggers the reversal. It's best to join them by buying at the ask. When they see that, a reversal in price is ordered up. The only thing that reverses this kind of depressing price action is buyers coming in at the ask. This gives those who are doing the heavy lifting of selling shares into the market, only to hope they buy back more shares at lower prices the clue they need to reverse. They see the action has worn out the sellers and is sharing their work with dip buyers. These folks are greedy, and do not share the benfits of their work! I think it is time to nibble at the discount window. That is simply the only thing that will reverse their game of price depression. I'll buy the dip at the ask and do it in 3-5 tranches. 3,000 shares at max. If you are short, get long. If you are long , get a bit more! Bob