I'm going to put my reputation on the line and say I think HMV hit bottom at 26.75, time will tell but i bought in tentatively at 27. The short sellers are a worry though, but if you discount the panic sales and look at the facts the sp is far too low so it is a good investment. As I said earlier, and I hold to this:
"They reported a first half loss of 36mill, up from 24mill last year, but... last year they stil made a 74mill operating proft in spite of that first half loss. So Im thinking it could be predicted they will still make a profit this year after xmas sales, lets say profts are half of last year, that would still give them a p/e ratio of around 7, which is nice value, so my thinking is that they are good value at the current price."