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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Amigo Mike who wrote (4336)	5/5/1998 12:58:00 AM
From: Phil Jacobson	Respond to of 29382

You always want targets! I don't know when it's going to break out of its trading range but once it does I see $28-$30 pretty quickly. I was hoping this would start after the last earnings release but it didn't. It could be a delayed reaction or the Street wants another quarter of results before letting it pull away. After $28-$30 I can't predict. Companies that are the market leaders in their segment who beat Wall Street expectations usually just keep going up until they disappoint. If the conditions for $28 occur (ie, beating expectations), then there's really not much reason not to see $40+ thereafter.