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Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Leo J. Bourne who wrote (7046)	7/28/1999 12:21:00 AM
From: Grand Poobah	Read Replies (3) \| Respond to of 8193

Enough of this Ted Quinn love-fest. :-) I enjoy Ted's posts as much as the next guy, but I'm not sure he's quite the Nostradamus he's recently been made out to be. Ted wears the yellow jersey for track record. Okay, let's look at some of his recent track record (going back to October 1998 since that's what's readily available). Post #6404, 17 Oct 98, CRUS closing price $6.625 prediction: CRUS in double digits by end of January result: CRUS closes at $10.5 on 29 Jan grade: prediction was correct, although barely, as CRUS started February in the single digits and headed down again Post #6576, 5 Dec 98, CRUS closing price $12.25 prediction: run-up between X-mas and earnings around 24 Jan result: CRUS goes from $10.625 on 24 Dec to $10.8125 on 22 Jan grade: prediction incorrect although not horrible, +2% is not what I'd call a run-up in stock price Post #6752, 21 Jan 99, CRUS closing price $11.75 prediction: down $1.5 on way back to $10 result: CRUS hits $10 by 1 Feb and down to $8 by 17 Feb grade: correct, although he failed to foresee the drop to $8 Post #6785, 30 Jan 99, CRUS closing price $10.5 prediction: takeover by Lucent result: whither the takeover? grade: prediction incorrect (so far), and now it's Sony??? Post #6933, 22 Apr 99, CRUS closing price $7.78125 prediction: bullish on CRUS result: today's close $7.8125, in between came a high of $10.125 and a low of $6.875 grade: nothing to write home about As you can see from the evidence, Ted is human like the rest of us. He calls a few right and gets a few wrong, too. Now I don't think Ted ever claimed to be making his predictions for anything but entertainment, so I'm not blaming him--just his sudden mass of loyal worshippers. Regards, G.P.