Michael: My prediction for next two weeks is that CPQ will touch $48, early next week then retreat to $44, and then begin a strong surge to $48 which will carry over into the following week. If earnings are what I predicted (0.41) it will then move quickly to $52 before pulling back to $47/48. Then it would consolidate in the $50-52 range until the end of February. I would amend this, if earnings are 0.44 or over, or if there is some blockbuster announcement. In that case, the surge could take it to $55, with a spike to $58, before it falls back to $52. Consolidation would be in the $54-56 range until the end of February.
I can now release to the general public the date and time when it will reach $75. Subject only to unforseeable Acts of God, such as Natural Disasters, it will spike to $75 on Tuesday August 24th at about 11.30 EST. There will be filling in for the better part of September and part of October before it bases at $75 in the third week of October ready for the onslaught on $100.
I'm sorry I cannot be more specific. |
