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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (1938)	10/15/2002 1:53:47 PM
From: Night Writer	Respond to of 4345

Schaeffer's Midday Options Update Features C, BAC, JNJ, GM, and HPQ CINCINNATI, Oct. 15 /PRNewswire/ -- Today's Schaeffer's Midday Options Update features Citigroup (NYSE: C), Bank of America (NYSE: BAC), Johnson & Johnson (NYSE: JNJ), General Motors (NYSE: GM), and Hewlett-Packard (NYSE: HPQ). The Midday Options Update contains a brief commentary on the day's most notable activity and a table listing the most active calls and puts for the day. The Midday Options Update is published every day at www.SchaeffersResearch.com -- the home of Bernie Schaeffer and Schaeffer's Investment Research. For additional information about this report or to have it delivered to you free via email every day click on the following link: schaeffersresearch.com . (Photo: newscom.com ) Schaeffer's Midday Options Update: Buyers are out in force this afternoon, sending the major indices soaring higher. The earnings season is getting off to a strong start with several big players surpassing the consensus estimate. Citigroup (NYSE: C) is flying high after reporting earnings that beat the Street estimate. Citing strong consumer business and aggressive cost cutting, the company's positive report is giving the financial sector a lift as well. Bank of America (NYSE: BAC) is adding to the good news with the announcement of earnings that exceeded the estimate by four cents per share. Johnson & Johnson (NYSE: JNJ) reported earnings of 60 cents per share, slipping past the consensus estimate of 59 cents per share. In addition, General Motors (NYSE: GM) reported a profit of $1.20 per share versus the Street estimate of 99 cents per share. The automobile company also raised its outlook for 2003. At 12:09 p.m. eastern time, the Dow Jones Industrial Average (INDU - 8165.0) and S&P 500 Index (SPX - 872.58) are higher by 3.65 and 3.70 percent, respectively. The Nasdaq Composite (COMP - 1272.4) is up by 4.25 percent. On the options front, at 12:09 p.m., total equity call volume checked in at 1,400,462 while total equity put volume numbered 732,516. The composite put/call ratio across all exchanges is 0.52. Breaking out the numbers a bit further, the CBOE put/call ratio is sitting at 0.51. Put activity has been brisk at Hewlett-Packard's (NYSE: HPQ) January 2003 10 put. The option has seen more than 5,000 contracts change hands while open interest stands at only 1,805 contracts. Several small blocks crossed the tape just before 11:30 a.m. totaling 2,500 contracts at 0.40 and 0.45, which was between the bid and ask prices. A block of 1,600 contracts traded at 0.40, which was also between the bid and ask prices. Pessimism toward the shares has been rising over the past month. HPQ's Schaeffer's put/call open interest ratio sits at 0.83, which is higher than 93.2 percent of those taken over the past 52 weeks. While the number of HPQ shares sold short dropped by 7.3 percent over the most recent reporting period to 50.4 million shares, it would still take nearly six days to cover all the short positions at the security's average daily trading volume. Wall Street remains mixed today the shares. According to Zacks, 10 analysts rate the stock a "buy" or better, 10 rate it a "hold," and one rates it an extremely rare "strong sell." HPQ is not scheduled to give its latest earnings report until November 14. According to Bloomberg, the Street currently expects the firm to report a profit of 22 cents per share, which is slightly better than the 19 cents per share the company earned for the same period a year ago. Technically speaking, the stock gapped above its declining 20-day moving average this morning and moved into resistance at the 13 level. The security is now facing overhead resistance in the form of its 10-week and 20-week moving average. HPQ has not enjoyed a weekly close above both of these trendline since the week ending January 25. Click the following link to see the Weekly Chart of HPQ since January 2002 with 10-Week and 20-Week Moving Averages: schaeffersresearch.com .

To: MeDroogies who wrote (1938)	10/15/2002 2:01:07 PM
From: Night Writer	Read Replies (2) \| Respond to of 4345

$1+ makes for a good day. I need about 20 more $1 days. LOL I never liked the Dell products, and many friends had problems with them. I haven't looked at one lately, but I have no intention of buying one based on history. I'm sure some people have had the same experience with Compaq and HP machines. Maybe I've just been lucky with Compaq machines.