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To: Kenya AA who wrote (43800)1/17/1999 1:39:00 PM
From: Wade Bennett  Read Replies (1) | Respond to of 97611
 
Hi Kenya: I'm curious about your CPQ prediction surrounding the earnings announcement. That is, does your 3-4 point decline assume no announcement by the company concerning the AV/shopping.com /future internet strategy? I agree 100% that if we run over 50 pre-announcement, get good numbers in on the 27th, but have no "elephant" emerge from the brush, CPQ might retreat 3-4 points. On the other hand, if earnings are good and a major internet-related announcement is made, this stock COULD mount an assault on the upper 50's. What do you think? Wade



To: Kenya AA who wrote (43800)1/17/1999 2:55:00 PM
From: fooledalot  Respond to of 97611
 
K: Thanks for your response. Overall, I agree with your assessment, but I think the resistance point will be $48 rather than $50 and we will see a minor retrenchment the end of this week that will reverse the following week prior to earnings. (I also hope you are right and I wrong.) I concur with your anticipation of another market decline in the same time frame you describe. Of course, this is all FWIW, too.

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