Is Hpq A Broken Stock Part 3
IS HPQ A BROKEN STOCK PART 3 Did you sell HPQ at $47 or are you still holding at $37? Time to buy HPQ or should you sell more? To read Part 1 click here In this series we have been profiling HPQ and how it has been a broken stock. We first pointed this out when HPQ was trading at $47 on May 18. We pointed out that HPQ could see levels as much as 20-30% lower in the $36-$39 range. Like anytime we point out the weaknesses in widely held and widely loved stocks, our analysis was met with much criticism. How dare we speak of lower levels in HPQ! HPQ is a great company! HPQ has solid fundamentals so it can’t go lower! HPQ does this, HPQ does that! Well here we are! We are trading in the low $37 levels. Were you listening or was your head stuck in the sand like a majority of the portfolio managers who use primitive timing models? Now that we have caught most of the
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