As analysts fall for Palm, big money bets with respect to pre -
(List of participants: Corrine Schulze / CNET) These people are betting that demand for pre - and WebOS that rides shotgun - will be strong enough to Palm powerful player again. However, if you follow the money, it is clear that Palm doubters abundance.
Simply put, Palm gets the glory of Wall Street, even more so, companies such as Research In Motion, falling out of favor. According to Thomson Reuters data is eight analysts rating the shares Palm “buy.” Three months ago, there were only two analysts to buy into the camp. One analyst calls on Palm “strong buy.” Thirteen analysts Palm word “hold.”
On Wednesday, Deutsche Bank upped Palm target price to $ 12, and reiterated its “buy” rating. Why? Pre-phone, will probably be released in time and may withdraw up to June 30.
Which is not surprising to those who listened to Palm earnings conference call. The leaders were confident that they can put up to launch and nails. Traders, however, is not sure of the Palm prospects.
As a percentage of float - stocks - Palm is the sixth most shorted company, according to data released on Tuesday by. In fact, 45.6 percent of Palm in the float is short. Short sellers bet that stocks will fall.
Here’s a look at Palm Standing through The Wall Street Journal data:
(Author: The Wall Street Journal)
If Palm Is able to save himself with a start, and all shorts bet against him going to get squeezed. But if Palm fumbles, it will be time to look below.
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Tags: Palm, Palm Pre, Pre, stock, Wall Street, WebOS







