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Scott look at the chart,it looks that if crus breaks 22.5,next step is26 and after thatyou could fill the gap between 29 and 40. I would feel better if earnings were better than expected. I still don't know the date of earning report but I'more inclined to the 17 but First Call states it will be the week of the 23. I will call investor relations to verify the same . The action today up 1 point at the opening and closing .25 down with a high of 21.75 smells of profit taking or bailing out by the poor souls that bought at 20+. The behavior of CRUS with increase price and volume leads me to beleive that earning report will be better than expected and if so I plan to chase the same on the way up rather than chasing one on the way down. BOOK toBILL ratio.99 is favorable to the up scenario. Good luck to all CRUS fans
Actually, someone on the other CRUS thread called shareholder relations and the earnings report is due on the 16th. I'm hoping for a good report. I orginally bought at 24 and have been holding for a few months. I bought a little high but I'm glad I've held on and not sold at a loss. If the earnings are good then I may increase my position and hopefully watch this thing climb back up.
Thanks for the date, Look at the chart,it looks to me that small resistance at 22.50 but at 26 if broken, you should close the gap of between 29-40. It would be nice to chase it on the way up. I also initially bought at 21 then suffered until the rebound of 13, started buyng again at 15, then 18 . Plan to chase this one with one buy at 22.50 then again at 26.50 close.
If they come in with decent earnings and have good things to say about the future then this stock should be in good shape. If new products continue to come out and the new ones do well this stock should be 35-40 in a few months. The turnaround in the semi's is nice and as long as this company can come in with decent results it should do well. If results are poor then who knows.