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Author Topic: PALM way oversold $5.69
invester
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The PRE and the PIXIE just got unlocked from Sprint. They have over $3.50 in cash, and they are a major buyout target at these levels. I think the sell off was WAY over done. This should be a $10-$12 stock.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
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Wow. This could hit $8 easy on the almost 50% short interest.


Short Interest
Shares Short (Current Month) 74.6M
Short Ratio 5.2x
Short Interest as % of Float 45.36%
Shares Short (Prior Month) 73.4M
*Data updated twice a month by the 18th and 29th respectively

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invester
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$5.78
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Free Muney
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bottomed out here...

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Contrarian views always appreciated.... :p

Posts: 361 | From: Portland, Oregon | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
Free Muney
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Loaded up at 5.55

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Contrarian views always appreciated.... :p

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metal1
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Ugly forecast. They get some crazy bounces in revs. Under 5 in the after hours.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
Free Muney
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Sold half my stake at a small gain before earnings and holding the rest.

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Contrarian views always appreciated.... :p

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BooDog
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my target is 4.50 see the gap last Jan http://stockcharts.com/h-sc/ui?s=PALM&p=D&st=2008-12-01&en=2009-02-01&id=p620191 47695 low 4.75 pre market, might not see my 4.50 but sure is some volatility. A high of 6.04 after hours yesterday. [Eek!]

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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Pre-Market Charts | After Hours Charts Mar. 18, 2010 Market Close: $ 5.65 Pre-Market
Last: $ 4.55 Pre-Market
High: $ 4.87
Pre-Market
Volume: 2,442,764 Pre-Market
Low: $ 4.51

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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metal1
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LOL..

Canaccord Adams cuts Palm price taget to $0
9:30 am ET 03/19/2010- MarketWatch Pulse News Bullet
NEW YORK (MarketWatch) -- Canaccord Adams technology analyst Peter Misek on Friday cut his price target on Palm shares from $4 to $0. "We believe Palm's troubles will only accelerate as carriers and suppliers increasingly question the company's solvency and withdraw their support," Misek said in a note to clients. "With what appears to be roughly 12 months of cash on hand, an accelerating burn rate, a complete lack of earnings visibility, and substantial debt and preferred equity, we no longer see any value in the company's common equity." He reiterated his sell rating on the stock.

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BooDog
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quote:
Originally posted by metal1:
LOL..

Canaccord Adams cuts Palm price taget to $0
9:30 am ET 03/19/2010- MarketWatch Pulse News Bullet
NEW YORK (MarketWatch) -- Canaccord Adams technology analyst Peter Misek on Friday cut his price target on Palm shares from $4 to $0. "We believe Palm's troubles will only accelerate as carriers and suppliers increasingly question the company's solvency and withdraw their support," Misek said in a note to clients. "With what appears to be roughly 12 months of cash on hand, an accelerating burn rate, a complete lack of earnings visibility, and substantial debt and preferred equity, we no longer see any value in the company's common equity." He reiterated his sell rating on the stock.

what an idiot. but he who laughs last.... however that goes.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7799 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
invester
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Man, this is my second stock I lost on in as many months. Sold the option for a loss. [Frown]
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
metal1
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quote:
Originally posted by BooDog:
quote:
Originally posted by metal1:
LOL..

Canaccord Adams cuts Palm price taget to $0
9:30 am ET 03/19/2010- MarketWatch Pulse News Bullet
NEW YORK (MarketWatch) -- Canaccord Adams technology analyst Peter Misek on Friday cut his price target on Palm shares from $4 to $0. "We believe Palm's troubles will only accelerate as carriers and suppliers increasingly question the company's solvency and withdraw their support," Misek said in a note to clients. "With what appears to be roughly 12 months of cash on hand, an accelerating burn rate, a complete lack of earnings visibility, and substantial debt and preferred equity, we no longer see any value in the company's common equity." He reiterated his sell rating on the stock.

what an idiot. but he who laughs last.... however that goes.
You calling me an idiot? Maybe i didn't clarify enough. I was laughing at the analyst. Not too many put out 0 price targets.
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BooDog
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quote:
Originally posted by metal1:
quote:
Originally posted by BooDog:
quote:
Originally posted by metal1:
LOL..

Canaccord Adams cuts Palm price taget to $0
9:30 am ET 03/19/2010- MarketWatch Pulse News Bullet
NEW YORK (MarketWatch) -- Canaccord Adams technology analyst Peter Misek on Friday cut his price target on Palm shares from $4 to $0. "We believe Palm's troubles will only accelerate as carriers and suppliers increasingly question the company's solvency and withdraw their support," Misek said in a note to clients. "With what appears to be roughly 12 months of cash on hand, an accelerating burn rate, a complete lack of earnings visibility, and substantial debt and preferred equity, we no longer see any value in the company's common equity." He reiterated his sell rating on the stock.

what an idiot. but he who laughs last.... however that goes.
You calling me an idiot? Maybe i didn't clarify enough. I was laughing at the analyst. Not too many put out 0 price targets.
I thought afterwards that you might think that i was calling you an idiot. No I wasn't, but what is an idot really anyways? I know i call myself a dumb ass plenty enough so really i clould be an idiot. Did i buy palm at 4.50? nope, had it gone right back up to investers target of $8 then i'd be the idot for sure but down it went making some pretty nice bounces for those day traders. Anywayz, i was calling the analyst an idiot for trying to spark even more panic into the selling pressure so their firm could make even better on their short position which really doesn't make him an idiot but a freekin scammer imo.

cheers metal1, have a nice weekend
[Good Luck] to all those hangin in this.

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BooDog
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here's a video from Mav on PALM
http://www.youtube.com/watch?v=x2Cs4zRgDDs

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7799 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
metal1
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Fair enough. cool vid, i wish i could get back into pure day trading again. no time these days
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
invester
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Told you they’d get bought. HP none the less.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
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You would have been rich. My recommendation was at $5.69, and the buyout was $5.70
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
   

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