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

To: LakesideTrader who wrote (2680)	10/9/1998 9:45:00 PM
From: papa bear	Respond to of 4722

Absolutely agree, it is a fun stock to trade....and has been over the last year. Just look at how flat it was for a while, but oscillated nicely in a range. WRT longer term. 2.85 x 15 = 42.75; for next year 2.85 x 1.15 = 49. Ok, so let's give it same multiple of 20 or so as it's enjoyed before and also that I believe I heard the whole DJ-30 enjoys: then 2.85 x 20 = 57; while for next year 3.42 x 20 = 68.4. The latter is a little hard to believe. But, if anyone does TA on HWP as I do, look at Bollinger and the 5-yr linear regression, and see if it doesn't point to this being between a 55 and 65 stock.... In fact, HWP getting to 57 would only JUST bring itto the bottom of the channel... All JMHO.... rm