During the last short reporting period, the shorters have only made 10 short transactions for a total short volume of 22500 shares, but they have bought them back plus they have covered 26421 shares of their short position. They are now left with only 11149 short shares. What the report does not show is how many shares they are holding in their long position, but you can bet that they are in an accumulation phase.

Today’s activities on the market for HPQ, plus the fact that some bashers are back posting on forums, shows that they are trying to make people believe that the market did not like yesterday’s news release, but do not be fooled, they will happily buy everything you will sell them. It would be foolish to help them profit at your own expenses.