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Technology Stocks : Cirrus Logic

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To: ted quinn who wrote (92)1/3/1997 10:07:00 PM
From: Taby   of 110
 
Ted,
I laugh when I read your postings! Your are so obsessed with wishing
CRUS fall that you shoot yourself in the foot! If institutional holdings is at 8 year low it should be bullish. It shows that institutions have already sold and the stock price is down, any purchases by these institutins will push the price higher. In fact, in my opinion, individual investor who don't have the timing restrictions of money managers should purchase stocks in these situations and wait for the institutions to come in, that is why I purchased more yesterday. If you told me that CRUS had highest institutional holdings then I may get worried, but too late now you can't change your story. I the low price of CRUS already reflects whatever negative reason you may wan to come up with. Instead of scratching your head to come up with these stories COVER my friend COVER!
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