Tuesday, August 22, 2006
Fly Buy: PALM
I bought 20,000 shares of PALM, between $15.05-15.12.
UPDATE: I bought another 5,000 shares @ $15.
UPDATE 2: I bought another 5,000 shares, between $14.96-15.
UPDATE 3: I bought another 5,000 shares, between $14.95-14.96.
UPDATE: I bought another 5,000 shares @ $15.
UPDATE 2: I bought another 5,000 shares, between $14.96-15.
UPDATE 3: I bought another 5,000 shares, between $14.95-14.96.
Comments:
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I am confident that my persistant PALM buying will pay off, eventually.
Right now, it is being driven lower by a few hedge funds who are heavily short.
On weak volume, I might add.
So, once the new Treo is well received, I will be able to sit back and watch those worms panic. Or, I may be doing the sweating. We will see.
Regarding your last post: I agree.
However, I want to be very careful once September is upon us.
Until then, I think we will trend higher.
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Right now, it is being driven lower by a few hedge funds who are heavily short.
On weak volume, I might add.
So, once the new Treo is well received, I will be able to sit back and watch those worms panic. Or, I may be doing the sweating. We will see.
Regarding your last post: I agree.
However, I want to be very careful once September is upon us.
Until then, I think we will trend higher.
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