Ted,
Cirrus has a joint venture with Lucent, and I know Lucent does not
deal with the kind of management that you described. Cirrus was a $70
stock and I purchsed at $15.5, how low do you expect a stock to fall before you purchase? I am not saying that I will make a lot of money in a few days, but I believe in a few months it will go much higher. In any case,if I didn't buy the stock, I would not short it at this price (purely based on studying the stock behavior in the last two years). Today's trading chart looks excellent, lots of 20,000 blocks purchased. It appears institutions are getting back in, that is why I mentioned earlier that if you believe institutional shares are down, that is bullish! In the short term anything can happen, and since I plan to keep the stock for a while, I am willing to see the stock to go down to $10 so you can make money too! But the chart looks very good today, even when the market and most high tech were down, Cirrus was up by 1/4.
Taby |
