Friday, June 08, 2007

HP Insiders Vote Sell Sell Sell

Hewlett Packard (NYSE:HPQ) insiders are exercising their options and voting with their pocket books. Ann Livermore, Shane Robinson, Mark Hurd have all made major dispositions.

What is particularly telling is that they are all breaking down the doors to get out at the same time. A quick review of their last conference call would indicate nothing but positive outlooks for the future. Hmmm

Institutions seem to have been trimming back their positions. Hmmm

So is it buy the printers and lap tops but sell the stock? If you believe in executive summaries and one pagers the HP insiders have just pasted one right on your financial forehead.