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To: mp who wrote (24394)11/12/1998 12:55:00 AM
From: joe  Read Replies (1) | Respond to of 45548
 


>>As far as what I think, it looks like it should hit at
least 49 before Dec 31, 98. I base it on my estimate of
36c for the current quarter's earnings.<<

That's pretty much my expectation. I'll say 45 to be
conservative.



To: mp who wrote (24394)11/12/1998 8:57:00 AM
From: MskiHntr  Read Replies (1) | Respond to of 45548
 
mp, re: how high by the end of the year...

FWIW, the stock broke out to the upside from a nicely formed rectangle which began on May 8, 1998 and broke out on October 26, 1998. Approximate width of the rectangle is 10 points or so.

The stock is in the process of a pullback or "throwback" (Edwards & Magee)to the boundary line of the pattern. Per E & M "...Minimum measuring formula: Add the width (difference between top and bottom) of the Rectangle to the breakout point.".

Best guess: $43 plus or minus depending on your measurements.

Best, Joe