The Industry Standard - PALM shares close above $13 on June 19? - Comments

Grrrrrrr! PALM drops below

David Kuan — Mon, 22 Jun 2009 14:35:55 -0400

Grrrrrrr! PALM drops below 13 today (just one trading day after judgment day).

Judged. Closed near $14.

Ian Lamont — Sat, 20 Jun 2009 09:35:21 -0400

Judged. Closed near $14.

Ian Lamont
Managing Editor
The Industry Standard
twitter.com/the_standard

Don't feel too bad, David. I

Garrick Hileman932530 — Sat, 20 Jun 2009 03:11:22 -0400

Don't feel too bad, David. I lost a cool million on this one. I thought for sure Palm would tank, and I still think barring a buyout offer the stock is headed flat to lower in the near-term (six months).

Stock closed above $13. If

David Kuan — Fri, 19 Jun 2009 16:45:05 -0400

Stock closed above $13. If not for the quadruple witching day, this stock would have tanked below $13 today. Oh well, can't win them all :(

PALM is making a strong push

David Kuan — Fri, 19 Jun 2009 10:31:05 -0400

PALM is making a strong push to the $14 today. Could it be the lack luster iPhone 3GS demand? Or the stream of news about hacks on Pre (DOOM, NES Emulation, etc) that are making headlines! Looks like I am out of money on this one :(

Stock is hovering at $13

David Kuan — Thu, 18 Jun 2009 12:44:36 -0400

Stock is hovering at $13 right now. Recent spate of not positive news along with news on other new smartphones debut are dragging it down. I am actually surprised that it took this long for it to slide down as I have a significant against bet on this one.

Interesting how undecided

Ian Lamont — Thu, 18 Jun 2009 10:49:50 -0400

Interesting how undecided this prediction is. Community consensus is at 45% and the stock price is around $13.30, one day before June 19th.

Ian Lamont
Managing Editor
The Industry Standard
twitter.com/the_standard

Palm has appointed as its

Ian Lamont — Thu, 11 Jun 2009 15:48:16 -0400

Palm has appointed as its new CEO an executive from Apple:

http://www.thestandard.com/news/2009/06/10/palm-promotes-former-apple-ex...

The stock is looking to close above $13 today. Question is, can this level hold up over the next week?

Ian Lamont
Managing Editor
The Industry Standard
twitter.com/the_standard

PALM shares close above $13 on June 19?

Ian Lamont — Fri, 22 May 2009 12:09:19 -0400

Palm's stock has risen sharply since the beginning of the year, from under $4 to its current level of around $10. A big reason for the rise: Excitement over the Palm Pre, which was demonstrated at CES in January and is slated to be released on June 6. In fact, just before the sale date was announced, PALM closed at $12.06, a 52-week high.

Palm has been through a long drought as its PDA business has faltered, its operating system technology has grown long in the tooth, and the once-popular Treo smartphones have become dated. In addition, the Palm Pre will be going up against some tough competition -- including Apple's strong iPhone, a resurgent BlackBerry family, and up-and-coming Android phones.

But early testers and observers think the Palm Pre and its features could be a hit and turn around the fortunes of the company. The world will get some early indications of this by June 19, nearly two weeks after it goes on sale. By that time, investors in PALM will have a chance to gauge the Palm Pre's early success, in terms of reaction from consumers and whether claims of anticipated shortages pan out.

Prediction: PALM will close above $13 on June 19. If the stock closes at or above that level before June 19, that will not impact the judgment of this prediction.