Palm: Zero Price Target May Open Special Buy Opportunity

Markos Kaminis (Wall St. Greek) submits: Palm's (Nasdaq: PALM) future is uncertain and its stock price can now be counted in dollars on the palm of one hand. I would AVOID Palm in the very near term, due especially to the hoopla around the zero price targets set by two separate analysts. However, the very unique action of those analysts may in the end provide a special opportunity as well. Thus, I would keep the trigger finger ready to buy on an effective operational mitigation effort or the advent of suitor tech-straordinaire!Palm shares topped the most active list Friday, but on the wrong side of the board, dropping 29% through the close. The stock marked a new 52-week low, closing at $4.00, as compared to its high water mark for the year of $18.09. That is quite a ways down in any market, but even worse in a 12-month period that had the broader market rising sharply.Complete Story »


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