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Strategies & Market Trends : Point and Figure Charting

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To: Rob Hodges who wrote (23361)	8/30/1999 2:22:00 PM
From: Tommy Dorsey	Read Replies (2) of 34811

Rob, on cpq you are very astute on calling me on that point. This shows you are up on the subject. Here it is, CNBC makes its guests do stupid things like predict a stock that will go up 100%. it makes no sense and flies in the face of logical investing and flies in the face of how we operate. Be that as it may when they say you must pick a stock that will go up 100% I have to give it a shot. I picked CPQ because it's a very large company in desperate need of restructuring. It is down more than 50% and like APPLE computer many think it is on the ropes. AAPL came back with a vengence and CPQ is not going away. It will restructure sometime and get its act together. The risk on the downside seems minimal but so does the upside. For lack of a better stock to double I picked this one for those reasons. Naturally none of our clients would buy it until the charts suggests it will rise. But that's the CNBC sound bite requirements. It's like checking my picks evey 18 days for a track record. Rediculous. Tom

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