Calls of Note Part 5

- Canaccord Adams is out with a technical call on SiRF Tech (NASDAQ:SIRF) noting that after rallying through 2005, SIRF shares peaked in a bull trap above the $40.00 level last winter. Since then, the shares have been under distribution, as shown by the series of consistently lower highs on trend. Recent trading, however, suggests that this downtrend is over and the shares are starting to recover. Following a summer bounce, the shares declined through September, but earlier this month, the shares dipped below $20.00 and then quickly rebounded. This set a higher low that indicated increased investor support is strong at that level, while the MACD has suggested that momentum is starting to turn positive. Yesterday, the shares started to rebound, indicating that selling pressure is easing. A break through $23.75, a former support level, would confirm that a new advance is underway. Firm's $30.00 technical price objective is based on a 50% retracement of the shares' previous downtrend and a test of their 200-day moving average, although investors should note that initial resistance is possible at the shares' previous high near $27.25. BUY SIRF WITH A $19.75 STOP

Notablecalls: For you technically oriented out there.