Wednesday, July 29, 2009

PALM 14.87 +0.06 (0.41%)

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The Company sells mobile products in two product lines: smartphones and handheld computers. Its product lines provide a range of business productivity tools, and personal and entertainment applications designed for mobile professionals and business customers, as well as entry-level consumers. -Google Finance

Short term projection: Poised for a nice recovery after it's 10 day 3.64% fall in price. Line 3 seems like the lower trend line to follow due to its breadth.

Long term projection: Uptrend. However, consider setting a stop loss at $13.5 in case it tanks. This is a viable option considering at the end of July, Palm's short interest was 30% of its outstanding stocks. However 15 of 18 analysts maintain a hold or buy value.

Notes: Sprint's 2Q losses widen while subscriber losses narrow. Sprint Nextel Corp. fell 49 cents, or 10.7 percent, to $4.10 after its loss widened in the second quarter as revenue and subscribers continued to fall. Most subscribers to the Palm Pre are current customers. Sprint is failing to attract new customers. Only offsetting the losses were the 930,000 new users of Boost Mobile, Sprint's prepaid service. However, Sprint is now offering the Palm Pre at different locations such as best buy's, a good marketing move.

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