Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Robert Graham who wrote (8049)	4/30/1998 1:09:00 AM
From: Chris	Read Replies (1) of 42787

from briefing.com Brief: Yesterday we noted that Hewlett-Packard (HWP) had held up relatively well during the early week retreat, especially in light of Friday's 8 point surge... At first sign that market tone had improved, so did HWP... Stock shot ahead 2 11/16 to 75... Though we contend that company has run ahead of its fundamentals, short-term stock could climb another 5 points on bullish momentum and relative strength... At these levels, we would be looking to secure profits as long-term outlook clouded by increasingly competitive landscape in both its PC and printer businesses... and 3Com (COMS)... Latter company, recently labelled by Briefing as a "safe haven" due to its limited downside risk, jumped 1 1/16 on positive comments made at the Hambrecht & Quist conference... Company noted that its sales channel inventory (source of its earlier problems) was excellent and that operating margins will improve to 16%-20%... Expects expenses to be flat to lower in coming quarters... Could be just the "positive" surprise necessary to jump start industry and market laggard... Stock needs to break above 38 on solid volume... If it does, look for a near-term test of the mid-40s.

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