HPQ - Short into earnings?

Discussion in 'Stocks' started by topdown, Feb 18, 2007.

  1. topdown


    HPQ reports Tuesday after close. With all of the Vista pre-launch hype and the recent bearishness on the actual launch I can only assume that analyst estimates for FY '07 may be overly optimistic.

    While I imagine that they will beat the current quarter (as is their history), I am guessing we will see guidance issued below analyst figures (97.42B revenue).

    I know how risky playing earnings can be, but I have been known to roll the dice on occasion. Right now I am think of taking a small short position near the close on Tuesday. Thoughts / opinions anybody?
  2. topdown


    Shorted near the close at $43.20. Just covered at $42.60. They beat estimates and guided ahead, yet it is still dropping (WTF?). I guess I just got lucky and felt I had to get out quick.