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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (4923)1/20/1998 10:25:00 PM
From: SK Ho  Read Replies (2) of 42787
 
Chris,
Thanks for your responses. CPQ is still working on its 50 MA because of the uncertainty. In other words, right now the investors are worried about its fundamentals, i.e. BTO vs inventory level, profit margin vs sub1000 PCs, losing China market to Chinese PC maker?, etc. You have a very good TA skill. I tend to use the chart when the fundamentals stay the same. Otherwise, I reevaluate the stocks based on the fundamentals. Don't you agree? Good luck!
Thanks again,

SK
CPQ Go!

P.S. INTC might test the neck 82 before it retreats to 70 which means the head and shoulder(reversed) will be completed. A bullish sign and it could start sometime in July(That is when Pentium II chips will become the major chips for the low-end PCs. Hence, INTC will get less pressure from AMD and CYRX.). The uptrend will be reflected in September's earnings. I'm using both chart and fundamentals in this case. Bye.
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