Smart Money will pour into this stock at the close. Earnings will beat the Street. HP is the one to beat in the enterprise space.
People will see off GS and other finanicals in insider trading fear and buy this and other techs. IMO if earnings aren't bad, $48 could come quick.
i'd say, DROP, not pop! Too confused to execute!
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.
It may pop but will then promptly drop leaving the usual bag holders. All you have to do is look at history my friend. Long is not smart these days.
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.
Is thBWHAHAHAHAHAHAH in the dictionary or is that one of the words unique to the shorts lexicon.