In fact, I told my Radical Technology Profits readers on Sept. 18 not to buy into the hype that H-P was becoming a great turnaround story.
That was after I wrote in this Money Morning article from January that H-P was one of the five tech stocks to avoid. It's lost over half of its value since then.
And had you used my Real Demand Tracking System to check out this stock, you would have seen for yourself that H-P was a lousy investment.
No, I didn't have any insider source that warned me about the accounting scandal rocking this Silicon Valley giant.
It runs deeper than that -- the fundamentals and the technicals were just plain horrible for what is clearly a deeply troubled stock.
Hewlett-Packard's Autonomy Problem
In case you missed the news, H-P got crushed last week, falling more than 11% on word that the firm is writing down some $8.8 billion in the most recent quarter.Honestly, that's an outrage.
I know, the party line is that H-P got hoodwinked when it bought the U.K. software firm Autonomy. Seems a whistle blower has now come forward to say Autonomy's accounting practices made the company a financial house of cards.
But as I see it, there was plenty of reason for HP to have been more cautious.
Start the conversation