"Deutsche Bank's Chris Whitmore, raised his forecast on the company's shares based on improved earnings outlook, but has a $12 target -- well below HP's current valuation.
Whitmore rates HP a "sell" and said he remained negative, citing continued revenue losses and a weak economy.
"We remain concerned about ongoing weak printer unit shipments and the structural decline of this market, ongoing deterioration across the PC industry on both a unit and pricing basis, poor bookings performance and future contract losses in Services...", he said in a client note."
12$ is about 7.20$ from current price. I see more downside risk!!!
will buy at 12
Sentiment: Strong Sell
As I told, I am glad I sold over 610,000 shares at 18.5-18.6 avg and made tons on long. I am not short on HPQ but I seriously worried about survival of HPQ for many months and I still think, it has much more downside risk and those who would like capital preservation, would think twice before investing in HPQ at prices 18 and above.
There are more skeletons to fall at HPQ IMHO.
Sentiment: Strong Sell
Book your profit. HPQ will underperform. Funds will dump at every opportunity until HPQ goes to 12!!!
Any one holding at 19 or buying at 19 will deserve to lose it all !!!
Sentiment: Strong Sell
Motley article just released says
"hese leaders are only the tip of the iceberg that sank HP. Yes, sank, in the past tense. Whitman's company is doomed unless it changes with the times, and it's almost too late already. I'm always stunned when this dead stock walking gets up and runs."
Sentiment: Strong Sell
Once the market turns south expect HPQ to lead all the way down and funds will be glad to get out complete even with little loss and will say never touch this #$%$ again!!!
I wont buy until 12!
Sentiment: Strong Sell
Well some analyst may scruitinize the conf cal and say certain losses were dealyed until future quater(s). News like this will #$%$ and will drop like a rock.
Watch 17 16 15 14 13 12 11....
Sentiment: Strong Sell
Downturn on Big volume - Big funds will pocket the profit and short it as well
Wont touch this POS until 12
Sentiment: Strong Sell
I too agree. This POS stock will be trading below 13 very soon!!!
Sentiment: Strong Sell
I probably had one of the most experience in dealing with uncertainities and trading traps in HPQ. I am sure I learnt some and continue to make mistakes; However, for longs who have got profit, it is better to take it than lose all.
I am not short and wont touch this HPQ until it trades around 50dma
Sentiment: Strong Sell
Took a small loss on this but made tons on blocks purchased between 11 and 14. I am done with HPQ
Sentiment: Strong Sell
I decided to book profit as it was a no brainer on my posn. I am still long 100K shares. All bear funds will try to short the heck out tomorrow - put tight stop loss!!!
Sentiment: Sell
sorry for the typo Last lot 100K @22 GTC
Sentiment: Sell
Bought 200K around 11.7. 200K around 12.6 and another 100K @13.75, original 100K @20
Hope my 100K goes at 22 soon (counting on shorts)
Shorts might scare with 16 handle or lower but I think unless there is a downgrade, HP bottom is in IMHO
Sentiment: Sell
It will fill all the gaps 18.4 to 19.6, 20.2 to 21.6 and 24 to 25.5, Expect some positive spins on breakout of HPQ in the earnings call!!!
Sentiment: Strong Buy
See how all of these shorts will run for cover!!!
Sentiment: Strong Buy