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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (27846)8/31/2000 5:49:45 AM
From: Logain Ablar  Respond to of 68187
 
Hi Harry:

ON CMRC price target I'm expecting triple digits this fall. I feel fundamently the sector is just coming back in favor. With the APNT acquisition closes in two weeks (or at least the apnt vote is 9/13), the auto exchange is scheduled to be operational @ the end of Sept., there is a B2B conference in late Sept. there should be plenty of press to keep the current move going.

All of these items should be favorable to generate interest in the sector and CMRC in particular. Their 3rd quarter revenue #'s should be good and if the stock is not over $70 by then that should do the trick.

Of course this is all contingent on the overall market staying healthy. We need money supply growth to continue at a steady clip (the market has sold off when it has tightened (dropped) this year, or at least this is the impression I'm getting from reading Don Hayes. We also need the soxx, ndx and internet indexes to stay healthy.

If the February / March mania comes back these stocks can be moon shots. Remember MSTR.

Anyway CMRC fundamently with its GE, GM & SAP ties should do very well. They are now #2 to ARBA and both companies are executing.

Tim