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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Tommy Dorsey who wrote (23894)9/28/1999 7:39:00 PM
From: Rich1  Read Replies (1) | Respond to of 34809
 
Have already started purchasing GBLX based on last report. I noticed you also recommended it on CNBC.



To: Tommy Dorsey who wrote (23894)9/28/1999 8:44:00 PM
From: Logain Ablar  Read Replies (2) | Respond to of 34809
 
Tom:

GBLX won final approval for the FRO acquisition today and the deal is now being completed with 2.05 GBLX for each FRO with GBLX being added to the S&P 500. This also may be the reason why it moved.

I like this better (from a timing standpoint) to double before CPQ (I actually think a triple within a year from $25 is doable).

CPQ is also turning around but like IBM, large companies, even in the technology age, take time to recover. I expect a 50% gain by January if the overall market internals improve.

Tim