Computer Associates Message Board

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Technology Stocks : Computer Associates

CA 25.07

+0.1%

4:00 PM EST

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To: Everard Taylor who started this subject	10/4/2000 10:42:17 AM
From: James Rozell	Read Replies (1) of 5232

Calling a bottom.... bad news comes out and the stock goes up ?! Classical explanations include short covering, but I just doubt thats the case. Often when a bottom is reached stocks react positively to what might be discerned as negative news. Technically, the stock is below moving averages so it looks bad in that respect; however the overall chart pattern MAY indicate formation of a double bottom (W pattern). Depth of bottom ~ 10 so target price potentially ~ $34 + 10 = $44 guessing again 6-12 mo period.

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