Tulvio,On what basis is $145-149 arrived at, and over what time period? Value Line and the NAIC Selection Guide base their projection for 3-5 years and financial data (EPS, Sales, PE, etc) from the Value Line, S&P and some subjective decisions. Therefore, the above is for a 3-5 year period. However, the past EPS growth is approximately 45% annually. Based on the Rule of 72, the stock should double in 1.6 years from the current price.
Price objective is $78 based on PnF. The Dorsey method does not measure time using the Vertical and Horizontal methods of calculations. From my experience the DW estimations are adjusted periodically based on supply and demand price movement. If you recall I months ago projected AMAT reaching $101. However, I allowed the DW chart patterns, my IBD Charts and the SEMI Orders to shake me out of half of my AMAT.-) Then, I used the proceeds to diversify to CSCO, LU and EMC. Now, if I can get the same returns from them I will be grateful.:)
Just my opinions.
Paul |
