Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bwe who wrote (9205)	11/1/1998 6:24:00 PM
From: Judy	Read Replies (1) \| Respond to of 34811

Thanks for the P&F analysis on CMB, Bruce. The three stocks I selected as investment longs in the financial sector were CMB, MWD and AXP and they have reversed back into an uptrend from the day of the surprise Fed rate cut. MER and CCI looks good as well, but I have not followed them closely. As for NOVL I have not tracked them for years. While the price objective of 24 seems technically achieveable, the company has not seen those price levels since a few years ago. Price target of 18 is more likely, but I seldom hold stocks in a niche speciality that can easily be replaced by another company or new technology. This was one of the reasons I sold MACR on strength last Friday although they had super earnings growth and broke out technically.