When we do have some correction in this market HPQ will really go down.
This is why folks short this stock. Looking for under 34 before the day is over.
And lower it goes! NASDAQ up but old TECH down. Only hope for HPQ is that wall street decides to make some money long with it or it continues lower. Has already hit 34 with well over average volume. Continues to make lower highs and lower lows. Not really much of lower highs as it is mostly just down, some consolidation and down some more.
Obviously as long as that happens it goes lower.
Definitely starting out going down more. Will see how low it goes. It was very negative guidance for a company already very overpriced. Wall street does pull the strings so will observe and trade accordingly. GLTA
You take these shares! No, you take the shares. Jumping from hand to hand. Looks like 60 million shares exchanging today. Significant. It is wall street, so it could mean the exact opposite to what I think.
Am not covering as it appears that wall street takes it lower tomorrow. Have not even seen any downgrades today. Only recommendations to buy earlier this morning which were obviously bogus as it has just kept selling. Looks like a little consolidating in the 34.70 - 34. 90 area during lunch preparing for another move down.
Short at 34.94. No volume going up with big offers on the offer being pulled. They will push those offers on the bid soon.
QIHU may be no BIDU but it is still bad.
Continued refreshing on the offer as they take it down. Lots of sellers. May change but there doesn't appear to be real buyers. Lots of sellers and market makers sitting on bid covering their shorts in a very small range.
Still a lot of selling. Going lower so that does make it a good short. Selling volume is rather significant. The positive for all the executives is that the company can buy more shares to give them for nice bonus's while the stock price goes down. There we are. Down over 10%. For shorts a nice gain for one day.
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?