On 5/28 I wrote a follow up note titled "They Can't Hope This One Any Higher", and it looks like they couldn't.
Today HPQ underperformed the market again, trading down another -1% to $45.04. The stock is technically broken, and the entire Street remains long the same bullish narrative that this deal for EDS is gravy.
*Full Disclosure: I have covered my short position, and plan on re-shorting it again on an up day.
KM
(Chart courtesy of stockcharts.com)
Today HPQ underperformed the market again, trading down another -1% to $45.04. The stock is technically broken, and the entire Street remains long the same bullish narrative that this deal for EDS is gravy.
*Full Disclosure: I have covered my short position, and plan on re-shorting it again on an up day.
KM
(Chart courtesy of stockcharts.com)
