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

To: robert b furman who wrote (1222)	2/25/1999 12:04:00 AM
From: robert b furman	Respond to of 7827

Hi Amigo, Hope your fish and chips are tistey.Best I can tell Our favorite stock got clipped by about 20,000 shares of selling pressure today.I bot some in a.m. and it was hard to get.needless to say supply came into the equation at about 1:45. A 10,000 block got slammed at 26 followed by a 5000 block approx 25 1/2. Was on the phone with jack and support came in during the last 25 minutes and mostly buying the dips occurred as the bid rose from 25 1/4 to 25 5/8 and it closed out at 25 3/4 ( best I can tell from Memory). The blame was on treasury bill sale supposed to yield under 5.0 but took 5.5 to get all the paper sold.Of course all this sale occurred as AG spoke during his humphrey hawkins address. Most on thread view this as a dip.See support at spx 1240-1243 and bond yield at 5.65. Worden says techs are weak and Our favorite stock certainly showed that,however it has simply moved to where support would be expected(24 3/4).Low was 25 1/4(today). Worden says -No basic change in trend but market has fallen back to where breakout occurred.I agree. # day moving average went negative for a MINOR blip today.MUST RECOVER by end of tommmorrow or new interpretation must be made. New highs gained ground on new lows on both nyse and the naz - that being said new lows increased very marginally on both markets. Interesting note new highs exceeded new lows on small cap bulletin board and up volume exceeded down volume on bulletin board stocks.This is searching for the positive spin. Don't know how to interpret but very unique after hopurs trading on big cap tech stocks shows turn in after hours trading i.e. intc = 4 1/2 msft = =5 csco = =4 Read it on thread and confirmed on quote.com - don't have instanet quotes but looks credible.Will monitor early this a.m. and give update. Globex S&P is up 1.40 @ 10.40 don't know what fair value is but it looks like neutral to positive slightly. Most good reliable guru's think it is a buy the dip but I must admit trend line has been broken - as will often be short term scary case. I read support at 25 - 24 3/4 and then again at 20. These are the times we earn our big bucks by simply staying alive until the next day - see how easy it is! hehehe Hang tough and hold with confidence- we have lived thru the bottom of this stock's cycle. We have a tiger by the tail and it ain't easy to ride but it might just make you rich. P.S. Hope you have a good run in the a.m. Amigo Bob Hope this helps,sorry about the time, but I tried to study it as comprehensively as I could.After all I have a fair position. HEHEHE Work Hard Fly Right