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Technology Stocks : CRUS, good buy?
CRUS 123.21-0.1%Jan 16 9:30 AM EST
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To: Bilbo Baggins who wrote (4968)2/4/1998 4:22:00 PM
From: peter lo  Read Replies (1) of 8193
 
To all: $11 is a resistance up level. If it can break the $11 level to $12,
the stock will move up very fast. I feel the stock position itself
for a big move in near future. Following are my reasons:

1. Company making money, assets increasing each quarter.
2. Buying back 10 million shares will generate a demand and
supply unbalance in near future.
3. About $5.0 per shares of cash will position the company for
recovery.
4. The company is a great steal at this price from revenue point
of view (revenue>market value).

Peter
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