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Technology Stocks : Cirrus Logic

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To: Paresh Patel who wrote (5)10/10/1996 8:22:00 PM
From: Peter Hauser   of 53
 
The stock broke out today on just under 3 million shares. Based on the recovering book-to-bill and the lack of other hot groups in this market, it is poised for a move from 23 to 25. If it passes resistance at that level, it could run to 30. All the stock needs is positive group rotation toward semis. I think it might have been added toi Morgan Stanley's buy list late last week as well.
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