PALM has gotten destroyed in the last 7 months. It is 22 cents above its 52 week low. But what is more interesting is that it has hit that 52 week low multiple times over the last few months and as a result has become an area of support. They report earnings Tuesday December, 19 after the bell. Anyone have an opinion on it? I mean how much lower can it go? It has hung out at 14.00 for the last 4 months. I usually don't like to bet on earnings but this thing has gotten bad news after bad news and each time it just returns to 14 flat.
Any thoughts on PALM
- Thread starter Fizber
- Start date
The good news is that the bad news is already priced in.
The company lowered guidance substantially at the end of Nov.
Thats pretty much the way I see it, the bad is already priced in. I think it would take a lot to knock this stock down much more. I bought some today. After earnings I may pick up more.
I don't play stocks anymore, even though Palm was very good to me a couple of years back when the treo came out.
Playing earnings is something like playing russian roulette, I can't help you much.
In any case good luck.
=)
(the bad numbers are already priced in, investors will be looking solely at guidance)
Playing earnings is something like playing russian roulette, I can't help you much.
In any case good luck.
=)
(the bad numbers are already priced in, investors will be looking solely at guidance)
Quote from Fizber:
What did you get it at? I bought it today as well 14.05
--------------------------
I guess the more intriguing question is, what is the potential upside?
I got half at 14.16 then the other half at 14.05. Upisde? Short term I think we'd be lucky to see 16. Longer-term, I really dont know... if things start to look brighter for the company though theres a good bit of room to close the gaps between its multiple and its competitors.