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

To: pham who wrote (6043)6/30/1998 4:44:00 PM
From: DJBEINO  Respond to of 8193
 
Microchip Technology (MCHP) 26 1/8 -1 13/16: manufacturer of programmable 8-bit microcontrollers projecting better-than-expected Q1 results; sees Q1 net sales rising 7% sequentially and exceeding analysts' expectations; projects a 19% improvement in Q1 EPS over the Q4 level. Based on Q4 earnings of $0.26 a share, MCHP will make $0.31 a share for Q1, in the process topping the First Call mean of $0.27 a share....

things are starting to look better....



To: pham who wrote (6043)6/30/1998 6:45:00 PM
From: Ronald Allen  Respond to of 8193
 
I doubt that many shorts bought back today. We have been at this level several times earlier this year and backed off. A strong follow through tomorrow and Thur. with a close above 12 would lead to some margin calls next week. That would be the start of a squeeze but CRUS will be propelled upward mainly on general investor demand and not short covering.


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