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Palm, Inc. - bull or bear?
Would love some opinions on this stock - used to be one of my favorites, but is pretty beaten up now.
Answers
2183 points
ChaosNantuko answered one year ago …
As i see it, the simple fact of the matter is there is a downwards trend in earnings over the last 2 years. Given that making money is the most important thing for a company, I'd say this doesn't bode well for Palm inc. Looking at revenues also shows a similar situation, where revenues haven't increased since 2006. Bottom line? This company doesn't have much of a bottom line, so being bullish is a very risky proposition. I wouldn't be bearish either though, because it has a lot of support from a technical analysis side, and i don't argue with the technicals.
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2082 points
alanj answered one year ago …
At first glance of the price chart it does appear to be in an upward trend. At this time it could be forming a triangle formation. Which if it is gives it a good chance of continuing it's uptrend. However, all my other technicals that I use shows it being very close to being overbought. I personally would wait for a pullback to or around the 50 day MA and then reevaluate. If the technicals are then reading oversold I would be bullish when the price movement starts heading back up. I would not be bearish on this stock at all unless it breaks below $4.21.
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251 points
MichaelShulman answered one year ago …
Palm (PALM) is being supported by hot air and rumors. Once the new iPhones ship in July, it will be over for Palm. I see the stock headed to $5 before year-end.
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