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Technology Stocks : Cirrus Logic

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To: Scott D. who wrote (17)	10/8/1996 9:08:00 PM
From: Gabe Fernandez	of 53

Scott look at the chart,it looks that if crus breaks 22.5,next step is26 and after thatyou could fill the gap between 29 and 40. I would feel better if earnings were better than expected. I still don't know the date of earning report but I'more inclined to the 17 but First Call states it will be the week of the 23. I will call investor relations to verify the same . The action today up 1 point at the opening and closing .25 down with a high of 21.75 smells of profit taking or bailing out by the poor souls that bought at 20+. The behavior of CRUS with increase price and volume leads me to beleive that earning report will be better than expected and if so I plan to chase the same on the way up rather than chasing one on the way down. BOOK toBILL ratio.99 is favorable to the up scenario. Good luck to all CRUS fans

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