After the 150th analyst paraded in front of the cameras yesterday to proclaim the death of HPQ, and kick the corpse, Keystone stopped counting. The HPQ news is a bomb shell, no trade can ever account for that type of drama. However, the charts are fine for HPQ. The bludgeoning started at 48 in early 2011. Interestingly, all the pundits now screaming to sell and run for your lives are all the same long-term buy and hold 'investors' that tell you to buy and stay for the long haul. Look where that got you, from 48 to 11. Now they tell you to run for your life. Analysts are well known for downgrading a stock well after the drop already occurs. Some of the selling yesterday is probably due to confusion that HPQ has bad accounting which is not the case, their books are fine. The Autonomy take-over is the questionable business practices.The news provides an easy day for media since it makes for easy programming, a snow day for journalists. No one commented that every single analyst is negative, not one person said that HPQ has a chance, that is a boat fully loaded to one side. Meg is likely also wanting to hammer the stock hard to ring out all the negativity so a year from now the earnings will have an easier time of beating. Also, the huge billion dollar numbers and alleged fraud may lead to some recovery in the future. One analyst said it does not matter if a few billion does come HPQ's way down the road. That comment obviously relects an analyst that is pumping the negative side since his firm is likely heavily-short HPQ. The huge write-off will allow HPQ to pay lower taxes moving forward. No doubt the news is surprising, and there may be further fall-out, so the play remains speculative as it was before the news.Despite the 12% drop, now down 9% on the week, the charts remain positively diverged. The falling wedge and oversold conditions further reinforce a basing for price moving forward. Note the capitulative selling in October, and futher capitulative selling yesterday, even the die-hard long holders said "Get me the H*ll out!" From 50 to 11 is one heck of a drop. Even from 15 in early October to 11 now is a big drop. Keystone had started nibbling over the last couple weeks and bot more HPQ yesterday. It is a dangerous speculative trade and will be a wild ride forward. Projection is a basing now and recovery as the weeks play out. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.