Volume Spike Investor

Palm Inc. (NASDAQ: PALM) is down almost 4% at $12.37 on 81,000 shares as of 8:18 AM EST on an analyst downgrade.  Morgan Joseph downgraded Palm’s stock to a SELL rating based upon the run up valuations and launch of the palm Pre smartphone. Palm trades about 12 million shares on average, so this 80,000 shares may seem small on the surface.  That volume will pick up toward the open. -JONOGG