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To: Mao II who wrote (53200)3/13/1999 7:40:00 AM
From: rupert1  Respond to of 97611
 
This 3 year chart shows the Jan/Feb drop has been a constant characteristic of CPQ. Furthermore, the bottom of the drop is not usually repeated afterwards, except in 1998, which was an unusual year becaue of the Tandem and DEC acquisition.

Despite the current drop and that it has penetrated the 200 mda, the upward progression of the chart has not been disturbed.

It seems that $35 + will break the 200 mda on the upside and that about $37+ will capture the 50 mda. My own view is that even given the "need" for the seasonal correction, the correction should have been to $37 maximum and that $37 will become the rally point before it climbs back into the 40's.

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To: Mao II who wrote (53200)3/13/1999 7:48:00 AM
From: rupert1  Respond to of 97611
 
MaoII and Hio: Thanks but the links you gave me seem to have given an average p/e for the year. I am not sure whether they are backward looking or forward looking p/e.

What I was looking for was the range which the p/e moved along in any given year on a forward looking basis e.g. 1997 = 16 to 27

I think it is S & P or Value Line that does the work and presents a table.