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Strategies & Market Trends : Point and Figure Charting
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To: Tommy Dorsey who wrote (23894)9/28/1999 8:44:00 PM
From: Logain Ablar  Read Replies (2) of 34823
 
Tom:

GBLX won final approval for the FRO acquisition today and the deal is now being completed with 2.05 GBLX for each FRO with GBLX being added to the S&P 500. This also may be the reason why it moved.

I like this better (from a timing standpoint) to double before CPQ (I actually think a triple within a year from $25 is doable).

CPQ is also turning around but like IBM, large companies, even in the technology age, take time to recover. I expect a 50% gain by January if the overall market internals improve.

Tim
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