By Mark Hulbert, MarketWatch
CHAPEL HILL, N.C. (MarketWatch) — OK, all you independent thinkers: How many of you are jumping at the chance to buy Hewlett-Packard Co. shares at close to an 18-year low?
You say that you don’t simply follow the herd — that you are willing to buy when the blood is running in the streets. Well, now’s your chance.
After all, Hewlett-Packard’s (HPQ +2.55%) blood is gushing down Wall Street. It’s not at all clear that the company will even survive. It’s the worst performer this year of all 30 Dow Industrials, with a 45% loss.What’s that? You object? A contrarian theory surely doesn’t apply to a company that is in such dire straits as Hewlett-Packard?
That just shows that you don’t have what it takes to be a true contrarian.
Keep reading: This year’s worst stock could be 2013’s best – Mark Hulbert – MarketWatch.
