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Hewlett-Packard Company Message Board

  • SteadyChaos SteadyChaos Mar 23, 1998 3:00 PM Flag

    Run has started.

    I think the run up has started. If it closes above 64 today, it will continue to 68 by the end of the week. As profits are taken from the rest of the market surge, investors will look for solid stocks such as HWP for the next run.

    I wonder if Weejl has learned from all the responses he got.

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    • Any word on the wide printer. Have heard talk from some people who have sold HP for awhile that the product doesn't stack up.???? Anyone heard different?

      Joe

    • Spreading rumors on these message boards does not influence stock prices. That takes real news and real volume. People don't
      invest "real" volume based on a rumor seen on these message boards which even a 2 year old with access to the web could post a
      message. When unusually high volume pushes up the price, like xion today, you can bet something good is on the way. Either someone
      has some 'real' news or they have done their home work and realized the potential of xion. Personally, I believe it makes
      perfect sense for hp to buy xion now. Over 40% of xion's revenue comes from hp, and they've proven they can deliver the goods, and
      more importantly, xion is a 'steal' at $6.

      Good Luck.

    • Yeah, I agree that it could see $68/share shortly. However, if it does you should probably cover your stock by selling three month in the money calls. I'm going to sell three month calls at $65 if the stock hits $68 because I think that HP stock could have a bumpy ride until late in HP's fourth qtr. I say this for two reasons.

      First my sources at HP (I worked there for 20 years) tell me that many HP departments are being asked to slow down expenses
      for awhile because spending is "slightly" outpacing sales. In the long haul that is good management and I'm glad that HP does
      that when it is needed. However, it does indicate that expenses are growing faster than sales. I suspect that Compaq's dumping
      PCs and Asia have slowed sales a little while spending was starting to wind up because all departments were hiring for the
      robust future they see just around the corner.

      The second reason I say cover your positions if HP hits $68 is that, 95% of the time, HP corrects when it hits a trailing PE of 22 to 23. You can go to http://www.bigcharts.com and create a chart that plots a three year PE against the price to see that for yourself.

      Don't sell your stock though. I think the second half of 1998 will be very strong for HP and HP's long term future continues to look bright. It is a great company and I enjoyed every minute of my 20 years with HP.

      regards,

      bd:>)

 
HPQ
33.97+0.12(+0.35%)Jul 11 4:01 PMEDT

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