Slapping the Palm (PALM)

Posted in pre-market 
September 9th, 2009

Palm Inc. (NASDAQ: PALM) is getting slapped this morning.  Shares are down over 5% at $14.20 after a $14.98 close.  We have also seen some 250,000 shares trade hands as of 9:09 AM EST, although average volume is now over 12 million shares.  Credit Suisse cut the rating to Neutral based partly on performance and partly oin yesterday’s new Plam Pre price cuts for outside new subscribers.  Be advised that this one has an already ginormous (that is really a word now) short interest.-JON C. OGG

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