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


To: Sjp who wrote (5933)6/12/1998 11:50:00 AM
From: Calvin Scott  Respond to of 8193
 
Sip,

The following news is not good....http://biz.yahoo.com/finance/980611/research_a_29.html

Calvin Scott



To: Sjp who wrote (5933)6/12/1998 1:36:00 PM
From: James Harold Alton  Read Replies (1) | Respond to of 8193
 
Sip, I am a buyer at these levels, just doubled up in fact and will add more if an even better opp. arrives in this one. I like the fact that CRUS has plenty of cash on hand and even with the latest earnings downgrade is still well in the black so the companies survival is not in question IMO. It's physcologically difficult to hold a stock that punishes you day after day with downticks, and easy by the same token to buy a stock that has been going up for a long period of time, this doesn't however mean that this is the best way to invest however. (G) The negativity is so thick in the tech sector you could cut it with a knife hence the temporary bargains. Doesn't mean we can't still go lower, only that I believe we are oversold at this time.

James