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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (2017)	4/24/1998 4:45:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 4722

Frank, don't confuse me for a bear on HWP, but it sure helped that money was running away from most other blue chip growth stocks. Money managers are still afraid to sit on any cash, so they had to buy something and HWP got to be the "stock of the day". One upgrade should not have had such a dramatic impact, but the way money moves from one stock or sector to another in the blink of an eye (or click of a mouse), a little bullish sentiment turned into money chasing money. I'd expect it to pull back as the market is looking very weak (without HWP's gain, the Dow would have been down about 120 I think) and holding over a weekend is considered a long-term investment. BWDIK? The calls I wrote this morning about tripled this afternoon. Still out of the money though and only 3 weeks to expiry, so any pullback and they turn to dust.;-) Cheers, Bob