It's funny you should say that as it mirrors exactly the feeling I have. I cannot put my finger on it but there is jockeying for position ( no pun intended), shorts maybe closing and a general feeling of decks being cleared. It cannot be the prospect of the EOY figures as those are still too far off to be influencing current trading in my view.
Sloppy reporting there. "Discovery of accounting irregularities at Autonomy". Alleged accounting irregularities surely at this stage. Not a smart move given ML's combative nature. If HP's yet to be formulated allegations are found not to hold water then that particular journalist might live to rue the missing "alleged".
Actually, the price immediately before the 1.0 mill was 84.75 - so maybe my post should have read "1.0 mill shares bought at 85p". Some would say that I'm nitpicking - but there are still lots of shorts out there...............
The directors’ failure to win support from a bigger majority leaves Hewlett-Packard little choice but to revamp its board…If the company wants to put on more than a cynical charade of listening to its stockholders, the directors will resign,” Gordon said. “Negative votes in the 30 and 40 percent range are a giant ‘no confidence’ message.”
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