Monday, August 28, 2006
Position Update: PALM
Certain tech websites are rumor milling a September 3rd launch of the new Treo. If so, I anticipate PALM to get off its lazy arse and reward its whipsawed investors with a little green.
The action in PALM is typical, prior to a major product launch. Until we get some guidance on unit shipments, anticipate knee-jerk trading action in PALM.
However, with $5 in cash, a $9.50 book value and a 0.95 price to sales ratio-- PALM, by all metrics, is very "cheap." A successful launch will completely and utterly destroy short sellers-- in what I believe can be the mother of all short squeezes.
The action in PALM is typical, prior to a major product launch. Until we get some guidance on unit shipments, anticipate knee-jerk trading action in PALM.
However, with $5 in cash, a $9.50 book value and a 0.95 price to sales ratio-- PALM, by all metrics, is very "cheap." A successful launch will completely and utterly destroy short sellers-- in what I believe can be the mother of all short squeezes.
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yep totally agree with you on PALM....seems way to cheap and the only downside I can see is a product delay but the postives far outweight the negatives
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# posted by 
: 4:17 PM
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