SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Frank Povoski who wrote (4867)1/22/1998 5:13:00 PM
From: Robert Emmons Shea II  Read Replies (1) | Respond to of 8193
 
I've got to agree with you Frank. Currently CRUS is not a favorite of many big Wall Street investors, and until they are their stock price will continue to struggle - regardless of well they continue to show improvement.



To: Frank Povoski who wrote (4867)1/22/1998 5:20:00 PM
From: clark readler  Read Replies (3) | Respond to of 8193
 
"the way to make money is to be where the momentum is".

I might agree. As a long term holder of CRUS and other techs, I have gotten into the practice of buying a 1K block of certain stocks about a week or so before earnings and selling the day before the announcement. With CRUS I bought at 10 3/8 and sold at 10 7/8. Small change this time but I have a real good track record so far and even small change adds up.



To: Frank Povoski who wrote (4867)1/22/1998 6:20:00 PM
From: feltburner  Read Replies (2) | Respond to of 8193
 
Frank, the problem was not with the 3Q earnings but with the guidance for 4Q and fy99. Any time analysts have to slash estimates, you can't expect much upside. I take it as a good sign that the stock was actually up today even though analysts (and the co.) are calling for flattish eps in '99 vs. '98. I just hope they spend their $5.75 per shr. cash wisely!
-Felt Burner