Thursday, September 07, 2006
Fly Sell: PALM
I sold 175,000 shares of PALM, between $14.06-14.25.
UPDATE:
Herb Greenberg has a few choice words for PALM.
Clarification:
I still own about 20,000 shares of PALM. The reason why I sold it is twofold:
1. I hate warnings and never like to stay in a stock with declining growth.
2. Opportunity cost.
So, PALM may be cheap. But I could care less.
I am done.
UPDATE:
Herb Greenberg has a few choice words for PALM.
Clarification:
I still own about 20,000 shares of PALM. The reason why I sold it is twofold:
1. I hate warnings and never like to stay in a stock with declining growth.
2. Opportunity cost.
So, PALM may be cheap. But I could care less.
I am done.
Comments:
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Brother can you spare a dime,for a can of re fried beans?
OUCH doe that mean you lost 175,000? US?
OUCH doe that mean you lost 175,000? US?
# posted by 
: 12:20 PM
: 12:20 PM 
does that mean you dont belive palm will get to 15.20s in the next months? or you just want to use the capital for other trades?
# posted by : 12:42 PM
: 12:42 PM
Even though PALM has a good balance sheet, its chart is broken.
It can very easily fall to $13.
Long term, I suppose they will do fine. But, short term, I am disgusted.
My discipline forces me to take small losses and move on.
It can very easily fall to $13.
Long term, I suppose they will do fine. But, short term, I am disgusted.
My discipline forces me to take small losses and move on.
Nuting like the feeling of loseing 175K and not being affected by it,too much!
# posted by : 12:57 PM
: 12:57 PM
"$" is not as important as "%". Thinking the other way around screws up your trading pyschology. Well, at least it does for me.
(thanx 4 the RACK rec by the way, just covered today. I'm eyeing out Apple-related stocks that are chasing AAPL. will short them.)
(thanx 4 the RACK rec by the way, just covered today. I'm eyeing out Apple-related stocks that are chasing AAPL. will short them.)
I lost 6.5% on PALM.
The part that hurts is the anti-climatic nature of the trade. Before the warning, fucking Merril Lynch pumped the stock and got me all giddy.
Oh, by the way:
To the three people who voted "Gee Wiz Great" on the "Fly Survey"--
Have a nice day :)
Gio-
I have not covered RACK. As a matter of fact, I shorted more.
Also, I opened a short position in SIRF.
It looks like RACK-- two days ago.
The part that hurts is the anti-climatic nature of the trade. Before the warning, fucking Merril Lynch pumped the stock and got me all giddy.
Oh, by the way:
To the three people who voted "Gee Wiz Great" on the "Fly Survey"--
Have a nice day :)
Gio-
I have not covered RACK. As a matter of fact, I shorted more.
Also, I opened a short position in SIRF.
It looks like RACK-- two days ago.
Any thoughts on Apple and Palm joining hands next week for an
I-phone? Have you seen these shake outs after upgrades before huge news?
I-phone? Have you seen these shake outs after upgrades before huge news?
# posted by : 2:25 PM
: 2:25 PM
I sold 15,800 shares of Palm on the Merrill report at 15.80 (cost was 14.75) because the stock rose more than it typically does in one day. In other word, the stock brought out of its first level standard deviation. I was lucking on missing Palm's warning at the end of the trading day.
Not too, too lucky because I still own 230 Nov 12.50 calls at 2.60 cost.
Greenberg is incorrect. Channel wasn't stuff. Absent was European orders since Palm abruptly exited the market temporarily. While the domestic market was good, orders weren't strong enough to offet the lack of orders from Europe.
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Not too, too lucky because I still own 230 Nov 12.50 calls at 2.60 cost.
Greenberg is incorrect. Channel wasn't stuff. Absent was European orders since Palm abruptly exited the market temporarily. While the domestic market was good, orders weren't strong enough to offet the lack of orders from Europe.
# posted by : 1:03 AM
: 1:03 AM << Home
