This stock is TOO CHEAP right now and the sell off only happened due to CEO change...HP is a huge company and is drastically under priced currently. I anticipate that this stock will get back over the 200 day moving average. There's nothing wrong with the company...it was a one off news story and frankly the CEO doesn't make much of difference with this company being a market leader. These past few months have been a huge buying opportunity HP on SALE! It needs to get to $46 to start trading at the 200 day moving average. This is my target price...I am buying Calls for spec...not so many though as it could be a prolonged sale if something unusual is on the earnings report.
BWHAHAHAHAHAHAH! I expect at the right point it will once again be a good short, just like the rest of the market. With the entire Country going under, the illegal alien invasion, the dollar tanking, money printing, and the federal government making things worse, I am afraid earnings are not enough.