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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Lazlo Pierce who wrote (8756)	5/14/1998 12:09:00 AM
From: fred woodall	Respond to of 18691

I guess the fact that HWP chart from a TA perspective looked like a great short candidate right before the last 2 upgrades has absolutely nothing to do with the buy recommendations. Someone's calculator wasn't working properly could be the only answer. HWP's warning, MSFT's 19 problems & DELL's flight to the moon gives me the impression tomorrow will be a considerable down day for the NDX. Might even close in the red tomorrow.

To: Lazlo Pierce who wrote (8756)	5/14/1998 7:10:00 PM
From: BelowTheCrowd	Respond to of 18691

> I thought it is the companies duty to announce these things if they are aware of a material matter. HWP said as far back as last quarter that pricing pressures in computers and the Asian effect would continue to be problems for some time. They did not quantify it, and knowing the way HP works, I doubt that they had consolidated financial numbers until a few days ago. The fact is, HP warned in advance that there were going to be problems. The market took that to heart for a while and left the company in a trading range between 60 and 65. Then the analysts decided to change their minds and run the stock, despite the company's up-front discussion of the problem. I wouldn't hold HWP accountable for the fact that Wall Street analysts get their estimates out of their ass. mg