As I’ve been saying in my short reports for the last few months now, the shorters are reducing their shorting activities on HPQ. During the latest 2 weeks period, they have shorted 82622 shares for a total of 3.3 % of the market’s volume. It is obvious that they are now only shorting to keep the share price within their profit range in order to be able to buy back their accumulated long term shorts. The consolidated short position report that came out this morning shows that they have reduced the size of their accumulated long term position by 366824 shares, they still have 642534 short shares to buy back.

If you are a shareholder, selling now is a gift you make to these parasites, you only help them profit at your expense.

If you are waiting on the side lines, do not expect them to lower the share price much more, they will only short to keep the share price at the current level, for as long as they can. In the mean time, news could come out anytime, and propel the share price much higher. Do you own due diligence, and do not be fooled.