RE:Hpq..Great close $ 0.48 +.05 up 11.63%you bet it was!!!...
not so much for the 11% gain, but more so for the halt in the selloff...
imho, it was IMPERATIVE that we had a green day today, to signal that the selling was overdone, that stability is returning to the share price, and for potential buyers that getting in here (still below 50 cents) might be a very smart thing to do as the perceived risk evaporates quickly...
I'm guessing that Thursday will be a continued "stability day" in a fairly tight range, for example 0.47-0.50 ...
(unless of course PYR drops some sort of NR that pertains positively to HPQ, then you can forget below 0.50...)...
so far, I'm glad I added today at 0.47, because in my experience, most trades that go green on the first day's close, even if slightly, end up being profitable...