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Technology Stocks : CRUS, good buy?
CRUS 127.86-2.1%10:30 AM EST

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To: Frank Povoski who wrote (5718)5/3/1998 2:28:00 PM
From: thomas hayden  Read Replies (1) of 8193
 
I have been watching CRUS for sometime waiting to jump in. But the more I look at it the less urgency I feel. I'm fairly certain that we are at the bottom. Maybe if everything goes to hell we might see 8. But the downside looks very minimal. But so does the upside. There does not seem to be much change in the air. Same old nothing that has been going on for two years. Sure one of these days something will happen and things will take off again. But it could be years just like NOVL. If I owned CRUS I don't think I would sell, but on every rally I would be writing covered calls lowering my cost basis. I don't think I would put new money into CRUS, there will be ample opportunity in the future. SGI looks interesting and so does LSI on pullbacks. Just my two cents.
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