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

To: Uncle Frank who wrote (2123)5/13/1998 7:31:00 PM
From: EL KABONG!!!  Respond to of 4722
 
Frank,

I'm looking to buy HWP "for the long haul" so the short term price fluctuations won't bother me much at all. I was just waiting for a dip in price, because I thought that HWP was overpriced in the 80s. My own personal analysis showed a "fair" price in the 70 to 74 range, but that was before this announcement. I'll have to rework the new numbers with lowered earnings expectations. I'd probably be a buyer with a price multiple (PE) around 22 to 24, I'd think about it at 25 or so, and decline to buy at anything over 27. Just my opinion and speculation; not a recommendation to anyone else.

KJC



To: Uncle Frank who wrote (2123)5/13/1998 7:50:00 PM
From: mp  Read Replies (2) | Respond to of 4722
 
I think you are right on the money. I would consider myself
lucky if I can get out at 74 tomorrow, but my guess is it will
close at 72. It probably will test 68 in the next 4 weeks,
which will be a great entry point for the next up move.
Anyway hoping for mercy tomorrow.


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