HWP -- Hewlett Packard Message Board

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Technology Stocks : HWP -- Hewlett Packard

HPQ 19.15

-3.3%

Feb 5 3:59 PM EST

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To: Lazlo Pierce who wrote (2171)	5/14/1998 8:56:00 AM
From: Dwight E. Karlsen	Read Replies (1) of 4722

Well I wouldn't know what is actionable, but there's no law that says companies are required to preannounce bad earnings. Lots of them don't. Look at it this way: Say HWP stock had trudged along at $62ish. Then HWP preannounces say two weeks ago that they think they will be at least 10 &cent light. Stock still falls overnight, say down $3-5 to $58-$60. But today, the stock falls $10 overnight and is still at $72ish. Seems like the shareholders are better off at $72 than $60. Except for those that bought in the $75-80 range - but hey - that's the dangers of momentum "investing".

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