Talk doesn't usually cost much. Realize market has been an endless bull and misses have been bought yet I think it is a little different this time with HPQ. Wall street has HPQ short. Now they will have to cover but I think that there are going to be enough funds getting out of HPQ to provide covering that will not require a squeeze. It will be down 10% soon.
That is the word on the street. Are they or are they not increasingly challenged?
They were the hottest thing. They have definitely slowed down and they may have over shipped last quarter. If that is the case may see it going lower before much higher. Channel checks have not been positive for this quarter either. Do you due diligence.
I meant covering my shorts. I just returned from lunch and I had put in an order to cover the rest of my shorts at 44.20. I admit I didn't think or want them to be covered but they are gone. Now I am looking at going long. They went thru 43.80 which was what I thought was support or if it kept going down would be resistance which is why I set the covering price at 44.20. Will wait to see how it behaves the last 2 hours before making a decision. GLTA
Selling some of my short here at 43.55 as they say that pigs get slaughtered. Was going to cover some at 55 in December with idea that it might go up some and I would short again. Didn't do it and GPRO jumped significantly. Now it has dropped even further. Market at record highs and we have not had a sell off in overall market. Do think GPRO and a lot of other stocks are going to get hit hard one of these weeks. Covered 1000 and thankful for the gain. Holding the rest short unless it closes above 44. If it does will cover and wait to short again.
Obviously the trend is down. Has been trending down since the beginning of October. Shorts do not look like they are ready to cover with much of their investment. They are still using their trading funds to short and cover therefore moving it down. Not any serious covering of their short from initial investment. Appears that they take it lower.
One of the bigger difficulties for PNRA is that there is more and more competition. Folks are buying different trends of meals. Means less eating at PNRA. I used to go regularly and now go occasionally. Many folks that I know are having a similar experience.
Should point out that I did make money on both gap up days of Friday and Tuesday with shorts. Thanks for the thoughtfulness of a seeing eye dog.
Very painful for longs. Creates a lot of anger. For your sake I hope the trend changes and it continues to move up. You obviously will be happier and so will those around you.