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

To: Henry D who wrote (1108)	1/26/1999 2:09:00 PM
From: robert b furman	Read Replies (2) \| Respond to of 7827

Henry, I called Cohu and spoke to live person.They indicated earnings will be announced wednesday after the close.I still say they will pull out the stops to stay in the black. I'm thinking of selling naked puts - february expiration - strike price 30. Current bid ask is 2 3/8- 23/4. Net price 27 1/4 current price = 28 1/2. Options expire on february 19 Looking to sell naked if nervous market builds up premium. Worse that could happen is I buy cohu at 26 (assumes 1 1/4 point drop in price from now and tommorrow) or I get paid 3-4 bucks to guarantee a price of 30 for 18 trading days(feb 19). Sort of a crap shoot - I see market getting nervous on great company based on earnings everybody knows is on the mend.Look how strong asyst is on earnings of a loss. (up 2 points today one week after loss is announced) Sure is an exciting time - May be our last shot at this stock below 30 0r above 20 arg Bob