Thursday, May 20, 2010
The Street's Advice
I agree with The Street's assessment that Hewlett Packard is a good investment. Rebecca and I invested in the company over two weeks ago, and have lost money. The company is headed toward it's lowest low. However, since prices are so cheap, it is a good time to buy. Many analysts predicted that HP would not have as high a revenue as it does, and I see that as a good sign. Buying 100 shares of HP would cost little, meaning the losses won't be large even if the stock goes down. Also, HP was just upgraded by analysts, "Upgrades and coverage initiations are typically good for stocks because they show that analysts either believe that the stock is going to perform better in the future or that the stock is worth covering and providing analysis on." (learningmarkets.com).
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