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Technology Stocks : TECD - Tech Data
TECD 144.900.0%Jun 30 5:00 PM EST
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To: Alec Epting who wrote (212)9/9/1997 6:50:00 PM
From: Rob S.   of 584
 
It's likely to run up for a few days before any major retrencement. My target is 52-54 before it attracts significant profit taking. I think that today we saw some institutional investors coming into play and that is less likely to let up quickly. We could see 60 before the end of the year and 80 by 1st quarter of '98 as earnings expectations for next year get confirmed. If sales continue to build, as I expect, the earnings estimates will need to be revised upward 20%-25% which could propel the stock up further.
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