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

To: Stephen L. Smith who wrote (2820)	1/30/1999 1:47:00 PM
From: genek	Read Replies (1) \| Respond to of 4722

Maybe the 0.88 number comes from the 15% industry wide growth in the PC shipments? Frankly, I'm so pessimistic about HWP's upcoming performance that I've bought puts at 72, 74, and 76. My assumption is that HWP still lags far behind the other PC manufacturers that they won't appreciate the earnings boom that its competitors might. Besides, with a PE ratio now approaching 27, with earnings growth actually somewhere between -5% to 5% (according to the last couple quarters of 10Qs), I think HWP is due for a fall. Trouble is, I've been buying Feb puts -- I'm starting to wonder if should have been buying Mar puts. I'm starting to feel a little exposed during this run-up. Thoughts? Gene