1. Most Discussed
  2. Gainers & Losers

Can HP do the trick tonight?

  1. FallGuy

    2,070 Posts.

    The Nasdaq is just shy of its summer high -- a key resistance level. HP's news could push it over.
    November 20, 2002: 6:04 PM EST
    By Justin Lahart, CNN/Money Staff Writer

    NEW YORK (CNN/Money) - After market-pleasing results from Hewlett-Packard, it looks like Wall Street could be in for some fireworks.

    Wednesday's big move higher brought the Nasdaq to its highest level in three months and, at 1,419.35, just points away from the closing high of 1,422.95 it hit during this summer's rally.

    It's a level that traders have been keenly focusing on -- if the Nasdaq can clear it, it will be the first time one of the major indexes has gone through the previous recovery's high since the bear market began in 2000.


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.