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


To: Ronald Allen who wrote (5570)4/14/1998 4:25:00 PM
From: Jim Babcock  Read Replies (1) | Respond to of 8193
 
Re: "For some reason, he also sold 4,400 shares on 3/25 at 10 3/8."

Could it be that a sale of 44 options contracts (Call contracts with a strike price of 10), were assigned on March 21st with a settlement of the 25th? This covered call strategy would net him 10 3/8 if he received a 3/8 premium.



To: Ronald Allen who wrote (5570)4/14/1998 6:27:00 PM
From: peter lo  Respond to of 8193
 
It is glad to hear that Teo raised his stake again. This is a very
good news for CRUS shareholders. I think he is fighting for a board
director position in this coming annual meeting. It is a very good
sign that real shareholder will be on the board soon.

Another news is that the insider (one of board director) bought
6000 share of CRUS using his own money. It is not many shares, but
he definitely is bullish on the stock in long term otherwise he will not use his money to own the shares.

I believe the above news are the reason that CRUS was up last two
day. Based on above reasons, I increased my holding also.

Peter



To: Ronald Allen who wrote (5570)4/20/1998 7:10:00 PM
From: Ronald Allen  Read Replies (2) | Respond to of 8193
 
Option buying of calls picked up today with volume of 884 calls vs. 61 puts. This coupled with over a million shares traded in CRUS on an up day (past 10 day average has been about 615,000) plus very good money flow would indicate that news on Wed. should at least be moderately positive.