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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Wall Street Jr who wrote (10222)	3/6/1998 8:00:00 PM
From: WTMHouston	Read Replies (2) \| Respond to of 13456

My very novice TA eye sees support at around 26, 20, 14, and 10.....my guess is that 26 will be taken out pretty easily, (I think it traded at 25 after-hours) but that it is unlikely to break $20 without more bad news or a total collapse of the overall market.... if it breaks below 20 it could be a long spring for those holding CPQ... Personally -- and the way it looks right now -- somewhere around $22, without any more bad news, I'll be a buyer - and I won't mind sitting on it for the long term. Despite the current news, it will be a great long term bargain IMO. Fortunately, its PE is not outrageous (like DELL) and revenues are not declining....a little light restructuring should help the profit picture. Plus, it is already down from around 36 recently and around 40 last fall.....$25 is around 30% off its recent high, $20 is 50% off its 52 week high and 45% off its recent high. Finally, the bad news is likely to be overreacted to initially, so it may also be worth playing it for a quick bounce on Monday. I also don't think that this bodes well for all component makers: they have already been complaining about price pressures. When the retail price pressure hits, it typically gets passed back upstream. INTC, however, says that their problem though is slack demand not price pressure...the demand problem seems out of whack to what everyone else is saying about demand -- unless AMD and Cyrix are gaining some market share from INTC....a thought to ponder... Despite today's rebound, I am still leery of the overall market, so my price targets and the opinions related to them could change almost immediately after the market opens Monday or if we see a large (400+ point) correction....I will also be doing some more looking this weekend and at the overseas markets Sunday night and Monday morning. I would love others' opinions as well. Troy

To: Wall Street Jr who wrote (10222)	3/6/1998 8:09:00 PM
From: tom pope	Read Replies (1) \| Respond to of 13456

So far as I can see there is no light at the end of the tunnel - stochastics, DMI, plus two oscillators I follow, all show no upturn yet. On the other hand, CPQ just announced after the close that things do indeed look awful. In fact, no earnings. So now they're on a par with yahoo and amazon and the others - no earnings now means (obviously) the promise of earnings in the future, and your stock price will SOAR!