If Obama is reelected, cap gains tax will increase 33%, from 15 to 20%! If you can't see a sell off in Dec. you are blind! Just look at the S&P500 in the last 4 years, with HPQs bata and the fiscal cliff you are only fooling your self!!
It is a great chance to load up at current price. HP has dropped for ~3 years, longer than the 2000-2002 down turn. Nothing will go down or up forever. Hold your shares tight. It should easily see a bounce back to ~18-19 range in 1-2 months. It does not hurt to pocket in ~4% dividend /year while waiting.
It"s nice to see some postings about the company. Most of the time this board is used for comments not related to investing in the company. This price puts the market cap of the company at a low. Ten years ago there were 3B shares outstanding now were down at 2B. Add to this ten years of inflation and long term holders are really getting hit. Short term variations are subject to a of factors that can't be foretold. Guessing at the longer term suggests returns to averages are more likely, but events can occur that alter this. If things progress according to management's plan it will be several years before the company is solid again. Clearly the primary efforts of the company are focused on customers who are working with content creation, and information delivery with few current efforts present for information consumption. Somebody has to make the tools that allow the creation and distribution of the the information consumbed by mobile users, and hard copy viewers, and users.