Bottom Ranked Stock
Monday, November 9, 2009 at 2:47 pm
I know there are a bunch of bears on this site so here’s one of the lowest ranked stocks inside The PPT:
Palm, Inc. (PALM: 5.53 -0.72%) overall score of 1.28 out of 5
We have a nice bear flag developing, I will look to get short on a lower trendline break. The stock is also below all of its moving averages, another thing I like to look for when shorting stocks.
The Palm Pre is nothing special, this stock deserves to die.
That looks a lot like the RIMM chart.
APPL is killing everyone
RC, if you were to look at puts as a way to short PALM, what would you buy?
I would probably go with Dec 11’s, but I would wait for the breakdown to occur.