Palm Volume: 'Sell The News' Pattern Exhibited in Early Trading (PALM)

Posted in pre-market 
June 8th, 2009

Palm, Inc. (NASDAQ: PALM) is seeing a sell-off pre-market after this weekend’s Palm Pre smart phone release.  At 8:26 AM EST we have seen more than 106,000 shares trade hands, and shares are down about 4.3% at $12.44.  We conducted a field calling session at the 24/7 Wall Street site showing that sell-outs were fairly fast but not instant for the launch at pominent store locations in major cities, but the supply of the number of phones was rather small for such a large debut.  -JCO

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