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

To: Ken Twining who wrote (2779)	12/2/1998 1:07:00 PM
From: mp	Read Replies (1) \| Respond to of 4722

I know a lot of people hate TA, and I don't exclusively base my decisions on TA. But this is one occasion my TA knowledge (looking at the graphs) tells me one thing and what has been happening at HP tells me another! Anyway, my reading is that HWP will go up to $72-$75 before next major correction. What will drive it up? This quarter is its strongest quarter for the year with 90c+ earnings, there might be a few upgrades coming, cost-cutting might kick in some extra profits, and hopefully there will be no statements from HWP! (Usually they are all cautionary, anyway). I think today's action (trying to go up in a terrible market) is the first sign! I was about to dump this stock, but now I have decided to hold on and see how accurate my "vision of the future" is.