Why? A 30% short term gain isn't enough? Bulls make money; bears make money; pigs get slaughtered.
Any idiot who sold is just that. Did anyone notice how much money the company actually made? Brown is doing what he gets paid to do; err on the side of caution. This is a short sellers manipulation, I wouldn't be surprised if the stock recovers at least $2 from its lows today by the close, and will be back to close to 60 by the end of next month. BTW, I bought 10,000 shares of MSI after the split. I'm not selling. I'm buying.
A friend of mine who works at the SEC said more Wall Street thugs will be going to jail. I expect the GS analyst who trashed HP yesterday to be indicted within 6 months. See this story for evidence that the feds are cracking down, and cracking down HARD!
Actually I bought 25,000 shares of HPQ at $14/share. I'm far ahead. But GS is a house full of currupt analysts and execs who eventually will get what's coming to them. JAIL TIME!
Instead, buy HPQ. GS recommends sell of Hewlett Packard. Do the oppositie of what GS recommends. Their clients do.
I just called a friend of mine at the SEC and asked her to investigate the analysts and executives at Goldman Sachs for possible insider trading regarding their downgrade today of HPQ to see how many of their clients and friends sold short the stock the last few weeks. My bet is that several people made a ton of money by recently shorting the stock. She is passing my request to the highest levels given today's precipitous drop. It's time that the fraudsters at Goldman stop getting slaps on the wrist for their illegal behavior, and start spending a decade or more in prison for their corruption. Watch for business news in the coming weeks.
If you suspect insider trading, write or call the SEC today with your suspicions. It will expedite matters.
I'm now back at 100,000 shares with an average price of 1.04. Here's how it works. You load up with as much as you can at around 1.00/share, and you unload it all at around 1.25.share. There's a pattern here. Every time the stock drops to a dollar/share or less, buyers like me come in. The stock gets pumped to around 1.30 or so, and we get out with a nice 25% gain. So' I've flip this stock 3 times now for $25k gains each time. It's a classic pump and dump stock. Don't EVER expect it to perform like a real company. It isn't. Yes, they make stuff; but only to make it lopk like a legitimate company. It's nothing more than a stock to play with. Buy now. Sell at 1.25. Have fun. I am.
Watch today's shareholders meeting. There a chance some director's heads will roll. If so, HPQ could be up 10-15% tomorrow! There is nothing better than shareholder activism!