The only reason the big-boys pumped-it-up earlier in Feb/early-Mar, is to enjoy the ride-down now, it seems. Nothing going for the HPQ at present in the right direction... the only thing was momentum .. and now that also has parted-ways! Traders may not touch it back on the long side again, until it gets oversold ... back to 12 next? Why to wait until the fat-lady sings? Why not dump now? What a display of relative-weakness in HPQ today, compared with the market ... usually the pre-cursor / preparations for the fat-lady's song deliveries! Be very careful here IMHO!
Yes, if not lower. By Fat Lady I assume you mean Meg, the most over rated CEO in history (well, maybe except Penny's Ron Johnson). She is a poster child for style over substance, or in her case an original thought. Sad that she will ultimately cost the jobs of so many dedicated smart people--the engineers and scientists that do the actual work at HP, all because she hasn't a clue on really running and growing a business. Don't tell me about EBAY. EBAY survived in spite of her.