Weird trading in HPQ yesterday.It flatlined at spot on $12 for hours, popping a pinch above sometimes but never below.I find this is usually the sign of a BIG buyer or seller with a limit order.Frequently the company itself. Check out an intraday chart.I noticed that, but didn't think of your deduction which seems logical.Sorry to call it a disgusting cigar butt. But at some point, even a disgusting cigar butt acquires appeal. Different from RIM, HP is not likely to go bankrupt, although I wonder how many more cockroaches they are going to find in this kitchen. Maybe some kind of sandwich option trade (I'm not familiar with the technical term, but staying in the kitchen...), like buying shares and selling some ITM calls?dtm
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