Year: 2012

HPQ update

Hamilton

hpq nov 22 2012hpq nov 22 2012 s

We are there as expected, as close to $11 as you could wish for. The count on the small chart is unclear but on the big chart it is a nice 5 wave sequence  even if the waves 2 and 4 do NOT alternate , as normally they do. In any event we have repeated the tech crash and the company is thoroughly disliked by everyone after throwing away 8 bln. on an acquisition (for a second time). No new products in the pipeline and 3 CEOs in as many years. There is absolutely nothing to like about these guys/girls but that may just be the right moment to tip-toe into the waters.

Accumulate shares peace meal , use stops just below your price or play this one with options.

RIM update

Hamilton

rim nov 22 2012 brim nov 22 2012

See also previous blogs (the index is working again thanks to the best IT team in the world!). Twice we recommended buying this stock, each time it dropped a bit the days immediately afterward so if you had acted on that you should own the stock on average at around $7.60 or so. For reasons described in those blogs this stock should go up. It is now at $10.23, up 34%. Presently $11.17 (up 47%) is within reasonable possibilities as that represents the 4th wave of wave 5 of 5, more or less a minimum expectation. Ultimately it may go a lot further but we would recommend using a stop when going into the buy-and-hold mode,

STJ, St. Jude Medical update

Hamilton

The then (July 6th, 2012 and earlier) and now charts;

stj jul 2012stj nov 21 2012

At the time there were two distinct possibilities, the purple one where the stock would go down immediately or the green one where much of wave c of wave 2 still had to develop. QEs and other simulative measures no doubt contributed to the more time consuming second option. Today we got down to almost $30 ($12 below the level in June). This looks like a third wave that may have quite a bit more to go. Apparently an FDA report was released revealing that certain cables could easily fray and jeopardize the proper functioning of a heart device. Sounds innocent enough. Going lower!