Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 175.60

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Dec 18 3:59 PM EST

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To: GROUND ZERO™ who wrote (490)	1/16/2014 11:12:06 AM
From: Kirk ©	Read Replies (2) of 26788

Some people are getting bullish again for HPQ. Anyone have a bearish perspective? I still hold all shares bought at lower prices (I bought twice under $15 with my own money and added it to my newsletter at $14.50) A little over a year ago I heard Jim Cramer on his show trash talk HP stock. It was one of the final straws on the Camel's back that convinced me it was time to buy again after more than a decade of selling. I also bought my first ever shares for my newsletter portfolio with a buy under $15 and targets to add at a lower price. I probably wrote this article too soon as it didn't quite reach my next buy point before taking off Toni Sacconaghi Expects Dow Dog Hewlett-Packard To Nearly Double on Jan. 10, 2013 Yesterday I caught a bit of Cramer's show and he said to buy: "Hewlett-Packard (HPQ) has been going up quietly and slowly. Cramer would be a buyer rather than a seller." seekingalpha.com You gotta love it when someone changes direction on advice after a double. HP looks terrible on valuation using growth since revenue and earnings are still falling, but it has a PE of only 7 so if Meg can steady the ship it could easily get a PE of 10 for a nice gain. Show some growth and it could double again for a PE of 14.

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