HP’s Earnings Released at 3:22pm (OOPS!)

May 20, 2009

Here is something to consider. Did you notice that yesterday there was a sudden shift in market sentiment around 3:30PM?

We think we may have found what may have caused it. It looks like there may have been a premature release of the earnings for Hewlett Packard (HPQ) that appeared on sites at around 3:22pm. Below is a snapshot of the news feed that provided details of the earnings disappointment and the how HPQ shares responded.

Remember, the report was not due until AFTER the close of the market. OOPS!

Mistake or????

Snapshot of 5/19/09 – Finviz.com News

(Click to enlarge)