The Palm Giveback (PALM)

Posted in pre-market 
April 8th, 2010

Palm, Inc. (NASDAQ: PALM) is down this morning as no word of a takeover is found with any meat after yesterday’s “buyout chatter” based on options and strong volume.  This is common for next-day profit taking after rumors do not come true and does not mean the rumor mill won’t churn its stories again.  Shares closed at $4.62 Wednesday and are trading down 2.4% at $4.51 on 71,642 shares as of 8:16 AM EST. UPDATE 9:15 AM EST: shares are down 1.3% at $4.56 on 336,000 shares…. Trade Bias is LACK OF CONVICTION for the start of the trading day.


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