Anyone shorting PALM here?

Odgnut · Sep 26, 2005

Short a few in premarket around 30.60. Stock closed on low Friday and is gapping up based on a press event they are holding with Microsoft and Verizon to introduced Treo700...which everyone already knew about days before earnings. Sell the news anyone?

areyoukidding? · Sep 26, 2005

what if msft wants to buy it to launch their mobile os? d'oh!!

should work.

Odgnut · Sep 26, 2005

this is only an intraday trade for me. In fact I will be gone if this stock breaks the premarket high near $31. Highly unlikely Microsoft will announce they are buying PALM on the day of a press announcement like that. Besides, when's the last time Microsoft bought a hardware company?

Odgnut · Sep 26, 2005

Covered 70% of my short at 30. Letting the last 2000 shares ride.

PuffyGums · Sep 26, 2005

Heard that there's alot of ET members who specialize in palm overnight.

Odgnut · Sep 26, 2005

ok...I'm bored with this trade. Covered the rest. Decent trade to start the week. Good luck to anyone playing this one.

RunningOnEmpty · Sep 26, 2005

Why would Gates show up in person for this?

nassau · Sep 26, 2005

I also shorted palm at 3033 and 39 covered 93 for a quick trade.

w

kalzayani · Sep 26, 2005

Quote from Odgnut:

this is only an intraday trade for me. In fact I will be gone if this stock breaks the premarket high near $31. Highly unlikely Microsoft will announce they are buying PALM on the day of a press announcement like that. Besides, when's the last time Microsoft bought a hardware company?

I would not short there...
These are my levels...the trend is south...but under values a little

Monday, September 26, 2005 35.81 29.48
Tuesday, September 27, 2005 35.71 29.38
Tuesday, September 27, 2005 35.61 29.28
Tuesday, September 27, 2005 35.51 29.18
Wednesday, September 28, 2005 35.41 29.08
Wednesday, September 28, 2005 35.31 28.97
Wednesday, September 28, 2005 35.20 28.87
Thursday, September 29, 2005 35.09 28.76
Thursday, September 29, 2005 34.98 28.65
Thursday, September 29, 2005 34.87 28.54
Friday, September 30, 2005 34.76 28.43
Friday, September 30, 2005 34.64 28.31

kalzayani · Sep 26, 2005

Quote from kalzayani:

I would not short there...
These are my levels...the trend is south...but under values a little

Monday, September 26, 2005 35.81 29.48
Tuesday, September 27, 2005 35.71 29.38
Tuesday, September 27, 2005 35.61 29.28
Tuesday, September 27, 2005 35.51 29.18
Wednesday, September 28, 2005 35.41 29.08
Wednesday, September 28, 2005 35.31 28.97
Wednesday, September 28, 2005 35.20 28.87
Thursday, September 29, 2005 35.09 28.76
Thursday, September 29, 2005 34.98 28.65
Thursday, September 29, 2005 34.87 28.54
Friday, September 30, 2005 34.76 28.43
Friday, September 30, 2005 34.64 28.31

/
did some checks on daily...for Longer term...
Palm is a buy

Carefull shorting it
wants 56