Symantec (SYMC) - What does it look like? Message Board

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Technology Stocks : Symantec (SYMC) - What does it look like?

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To: Sonny Bui who wrote (1595)	4/28/1999 1:59:00 AM
From: James Rozell	of 2069

Sonny, hey, I'm happy. I just feel somewhat vindicated in thinking the stock was severely undervalued fundamentally (posts 1520, 1526). I'm up almost 40% in the six weeks since I bought in. Sometimes the "market" can ignore good fundamentals for a while or even a long time. Again, just speculating,... technically it looks to me that a double bottom is in place (very bullish). Short term, the RSI looks overbought. But intermediate term (6-12 mo), technically the price target based on this upwardly slanted W formation should be the depth of the second dip (~$10) + value before this decline, (~22) = ~$30-32, up from my previous price targe of $24 [John Murphy, Visual Investing]. A small increase in fundamentals would be enough (+ probably necessary) to support this kind of move. Have enjoyed reading the thread and wanted to contribute my 2 cents.

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