Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: purecntry5 who wrote (18455)	5/13/1998 9:12:00 PM
From: Bull RidaH	Read Replies (2) of 94695

pc5, Ouch!! Some poor folks (recent buyers) gonna get CRUCIFIED in HWP in the morning, along with holders in similar equities. The ANALyst failed to do their jobs again, promoting/allowing a 35% runnup in the stock in the last 4.5 weeks. How conveeeeeeeeenieeennt!! Glad I cleared out of CPQ & SUNW today. Should be some nice buying ops forthcoming. HWP key supports will be 73.25 and 66.625. If it fails to hold 73.25, I would short it, and be a buyer down at 66.25. Meanwhile, if the broad market starts off down tomorrow, I'd be a buyer at 73.25 for a quick retracement to the 77.5 area. I think CPI will be the determining factor for the markets nearterm fate, though (at least til next Tuesday). Regards, David

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