Wall Street Manna

An irreverent look at Wall Street

Tuesday, May 18, 2010

Hewlett Packard gets a bump after earnings

HPQ is trading up a dollar after earnings.

The shorts thought that no matter what HPQ reported, the boys would sell the stock on the news.

Not happening so far. 

Because the doomsdayers overplayed their hand, once again, with this afternoon's selloff.

5 Comments:

At May 18, 2010 at 5:25 PM , Anonymous Anonymous said...

revised targets for SP?

 
At May 18, 2010 at 9:00 PM , Anonymous Chris said...

Palmoni: Given the mini-crash we had on May 6th, what do you think about the prediction by Richard Russell, editor of "Dow Theory Letters", that a major crash likely if the averages fall below the May 7th low?

 
At May 18, 2010 at 10:50 PM , Anonymous Anonymous said...

Oh the horror futures looking very bad. Are we doomed to Dow 5000?

 
At May 19, 2010 at 12:05 AM , Anonymous Anonymous said...

Hey Palmoni,

When are you making that trip down south? BTW have fun and stay safe!

 
At May 19, 2010 at 12:35 AM , Anonymous Anonymous said...

well, everything else is down. Those stupid Rosie and Meredith, they know nothing. But I agree with you 100%, bears are toast, market is gonna be up big in couple of days. What should i buy, HPQ? bha-ha-ha

 

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