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.

Technology Stocks : Symantec (SYMC) - What does it look like? -- Ignore unavailable to you. Want to Upgrade?

To: Sonny Bui who wrote (1595)	4/28/1999 1:59:00 AM
From: James Rozell	Respond to of 2069

Sonny, hey, I'm happy. I just feel somewhat vindicated in thinking the stock was severely undervalued fundamentally (posts 1520, 1526). I'm up almost 40% in the six weeks since I bought in. Sometimes the "market" can ignore good fundamentals for a while or even a long time. Again, just speculating,... technically it looks to me that a double bottom is in place (very bullish). Short term, the RSI looks overbought. But intermediate term (6-12 mo), technically the price target based on this upwardly slanted W formation should be the depth of the second dip (~$10) + value before this decline, (~22) = ~$30-32, up from my previous price targe of $24 [John Murphy, Visual Investing]. A small increase in fundamentals would be enough (+ probably necessary) to support this kind of move. Have enjoyed reading the thread and wanted to contribute my 2 cents.

To: Sonny Bui who wrote (1595)	4/28/1999 12:07:00 PM
From: Harry J.	Read Replies (1) \| Respond to of 2069

Sonny - Echoing James, I came back to SYMC last month after leaving in Oct '98 (following my disastrous (spelling?) re-entry to the stock in Apr '98 after several years' absence). Its fundamentals and long term prospects looked good to me last month (much better than they did Apr '98) in spite of the then-open question of head mgt. succession. I figured "they'd" choose somebody good and, imo, "they" did. In truth, I was looking for a several month upward creep rather than this leap. Hence, I'm excited but I can hide it by whispering, "Remember last year" to myself. OTOH, you got at least two of us to write (hahaha). Regards, Harry PS - Came back as a S/H - never been an employee; wrong skillset.