PALM has been beat up bad after announcing earnings would be far below analyst expecations. Beat so bad that it hit a 52-week low today. They report Thursday after the bell. Analyist will be looking for insight into how the PRE and PIX are selling. PALM is corrently shorted over 48% which could make Friday very interesting if they report anything of substance Thursday evening driving shorts to cover if they were selling March Calls.
Palm was killed last year and made a wild run to over $18 on unveiling their new phones. Something to keep an eye on Friday!
Happy Trading...
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