Aug

29

HPQ Pinned, from Kim Zussman

August 29, 2011 |

Though stocks rose steadily through the day, Hewlett-Packard rose in the morning then was pinned at or near 26 for 3 hours before floating up a bit more in the last hour.

Anatoly Veltman writes:

A very unusual chart indeed! HPQ was noted among Paulson's holdings. One might guess that other "size people" that Paulson talks to MAY well be stuck with it as well. We're in the era when HFT's sit ahead of any offer they've sniffed — so getting out is problematic…


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