Hewlett-Packard (HPQ) Message Board

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Technology Stocks : Hewlett-Packard (HPQ)

HPQ 23.96

+6.0%

Nov 21 9:30 AM EST

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To: Captain Jack who wrote (1390)	7/17/2002 10:03:20 PM
From: Night Writer	Read Replies (1) of 4345

It was another fun day in the wonderful world of casino investing. The odds are stacked in the dealer’s favor, but just enough people win to keep the games lively and the crowds coming back. No matter what transpires the house gets a cut of all transactions. A stock can move only two ways. Up or down. The casino odds appear to be 50/50, but the house knows better. The house pushes sales because the odds of a stock going up are less then it going down. The house produces rallies at random times to feed the allusion that winners buy low and sell high. Of course the house is more then willing to point out bargains to buy, but never says when to sell.. A good way to stack the odds even more is to mandate long investments only in 401Ks or IRAs. That furnishes a huge resource to sell debt and mutual funds. Mutual funds are beautiful vehicles. A source of cash flow to the casino and a large population of investment experts. Diversification is the way to go they whisper in the sucker’s ear. Mutual funds are the best way to do it. A percentage of every working stiff’s retirement savings for the investment community. What a great idea! As this market continues to grind down to the “bottom”, the casino is getting nervous. They are trying to manufacture winners out of losers. Reminds me of a drowning man grabbing at straws. They need winners or there will be no players. Pardon me, my humor tends to be a little dry when things aren’t going well. I see no winner in INTC. I think the market is trying hard to make it a rally point. I think INTC management is also scratching their heads. I could find nothing up beat about missing the quarter, lowering expectations for next quarter, and laying off 4000 employees. It is ironic that the street is trying to spin gold out of straw. It appears the brokerage houses are more scared then their beaten up clients at this point.

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