COHR is a profitable company with a good track record. Missed last quarter, got punished hard. Coincided around the same time the overall market was in a downturn. Price dipped more than two standard deviations below the 100 day moving average. I don't think the bearishness is justified, so I caught the knife.
There appears to be some consolidation happening at the current price level. There's potential for a reversal of this drop, but I don't see any indication either way. I trust that the company is a good one, and hope that the market will reflect that in the future.