HWP -- Hewlett Packard Message Board

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 : HWP -- Hewlett Packard

HPQ 19.01

-1.8%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Uncle Frank who wrote (2110)	5/13/1998 7:00:00 PM
From: EL KABONG!!!	Read Replies (2) of 4722

Frank, My guesstimate is that the market will overreact tomorrow into Friday, and cooler heads will prevail by Monday, at which time the stock will slowly recover. The earnings miss is about 16%, so reducing the price by 16% would give a rough "fair reaction" of about 68 or 69. If the market overreacts, then we're looking at 65 or below. I think that Friday will be the low point because institutional buy/sell programming might not give a sell signal until after a certain low price is reached, say late Thursday or early Friday, at which time the price drops further. Then institutional programming reacts to the new (lower) price and by Monday, we start to see a small upturn. Whatcha think? KJC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next