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Strategies & Market Trends : Bill Wexler's Profits of DOOM
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To: RockyBalboa who wrote (3622)11/4/1998 11:30:00 PM
From: Bill Wexler   of 4634
 
I don't buy into "technical analysis" or "resistance levels". I beleive CPU to be grossly undervalued based on my reasonable assumptions about its interemediate to long range business prospects.

I *think* the stock will probably trade around 20 again fairly quickly because of its current PSR, cash flow, and my assumptions about its current financial condition and comparisons to other retailers. My long term target is significantly higher.

I will continue to buy the stock as long as I see the story getting better.
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