I want to buy a few more, but wonder whether Wolfson has really turned. The first quarter results are coming. Should I wait longer or avoid?

Just looking at broker figures prior to the excelent results yesterday and thier is massive scope for a re- rating by Brokers. Just look at the target SPs before the results. What will they be in the coming days, should be BIG re -ratings

Date Broker name New Price Old price target New price target Broker change

21-Apr-11 Citigroup Buy 219.25p 310.00p - Upgrade
19-Apr-11 JP Morgan Cazenove Neutral 217.50p 248.00p
05-Apr-11 Numis Securities Hold 260.00p - - Upgrade
09-Feb-11 Royal Bank of Scotland Buy 287.00p 215.00p 350.00p Upgrade

Pro TAer Zak Mirs Take on WLF this morning......

Zak Mir

Reged: 28/06/07
Posts: 1743
Re: WOLFSON MICRO ELECTRONICS WLF, Fights Back? [
#478838 - 28/04/11 08:09 AM Edit Reply Quote



WLF looks like a bear trap buying opportunity for a retest of the initial April resistance through 260p. Only back below the intraday low of yesterday at 206p really upsets the long argument.

WLF going on a great run again.

WLF on a fantastic run and just lookat the SP targets and this was before the stunning results yesterday......

Date Broker name New Price Old price target New price target Broker change

21-Apr-11 Citigroup Buy 219.25p 310.00p - Upgrade
19-Apr-11 JP Morgan Cazenove Neutral 217.50p 248.00p
05-Apr-11 Numis Securities Hold 260.00p - - Upgrade
09-Feb-11 Royal Bank of Scotland Buy 287.00p 215.00p 350.00p Upgrade

Gone long on MTC Mothercare, think most of these retailers have bad news already priced in. Went long on GMG earlier aswel, already in profit.

WLF was oversold recently... fair price probably 270-280p.