Palm stock on a rocket to recovery

If you bought stock this morning it's currently up 35%. Daaaamn.

[dan! @ Jan 8th 2009 4:50PM]

haha nice pre pre

[Angus Hedger @ Jan 8th 2009 4:51PM]

The Pre looks loverly, now lets pray the price is right, then you really WILL see the share price go though the roof.

[waiownsyou @ Jan 8th 2009 4:51PM]

h4xx

[Craig @ Jan 8th 2009 4:51PM]

Told a friend to buy at $2.20. He's buying me dinner tonight. ;-)

[Tonicboy @ Jan 8th 2009 5:22PM]

Dinner? I'd imagine he could buy you a dozen dinners and still come out way on top. Or maybe a gift of a Pre would be more apropos.

[Rob @ Jan 8th 2009 5:29PM]

it hasn't been that low since around the 20th of december.....why the heck would you buy PALM then?!?!

http://finance.google.com/finance/historical?q=NASDAQ:PALM

[Craig @ Jan 8th 2009 5:34PM]

Because I listened to Palm's financial call on the 15th of December (archived audio stream on their website...available to all) and got a good feeling from what they said about the new OS and device. Speculative, but a good guess, it turns out.

[Rob @ Jan 8th 2009 5:44PM]

damn....you wanna start giving me financial advice as well

[Hardcore @ Jan 8th 2009 6:04PM]

Yeah, SO happy I bought it at $2 a share a couple weeks ago.

[OneLove @ Jan 9th 2009 12:47PM]

....and buttseks

[Joe H @ Jan 8th 2009 4:52PM]

I almost bought last month at 1.45 but decided I couldn't risk it. Very pissed now.

[STINK @ Jan 8th 2009 4:52PM]

What happened at 3:02? Demonstrator drop the pre?

[Dyranios @ Jan 8th 2009 4:53PM]

Good! They earned it! It looks like a breath of fresh air offering the same slick UI as the iphone but all the actual functionality it lacks such as copy and paste, MMS, uncrippled bluetooth, applications that run in the background etc...

[ananimus3 @ Jan 8th 2009 4:53PM]

Not to mention Sprint (S):
http://finance.google.com/finance?client=ob&q=NYSE:S

Right now up 21.7%!

[neodorian @ Jan 8th 2009 4:54PM]

Dammit. I almost bought Palm and Sprint 2 weeks ago too. FUUUUUUUUUUUUUUUU

[Kamokazi @ Jan 8th 2009 4:59PM]

I really can't blame you for not doing it. In fact, I might have questioned your sanity. Did anyone expext Palm to actually produce something decent again?

[neodorian @ Jan 8th 2009 5:01PM]

Well, it was a risk I should have taken. The stock prices of both were very low so I could have gotten a decent amount for not a ton of cash. Also, there have been rumors of both the new Palm device and new Sprint devices for months now. Honestly I had guessed a new WM/Tegra phone on Sprint but I knew they were ready for a turnaround either way.

[Quix @ Jan 8th 2009 5:14PM]

You may want to hold off on the celebration (or regret) until Palm actually *delivers* this product, no?

That said, it's nice to see Palm back in the saddle. Maybe.

[Verythrax @ Jan 8th 2009 4:54PM]

Yeah, I really saw that coming...

[Ace @ Jan 8th 2009 4:56PM]

Talk about market inefficiency...I thought people knew palm was launching the new device for weeks?

[Poom @ Jan 8th 2009 5:08PM]

I think nobody could guess that a new product would launch with new OS that is now on-par with the competitors.

[Platinum_Skeet @ Jan 8th 2009 5:10PM]

I think most people were thinking it was going to be flop... When a company doesn't come out with anything revolutionary for years the company is either going to come out with something worth buying or fade away in the distance...

With today's economic atmosphere I guess everyone was thinking Palm was going to be one of the companies to fade away into the distance or just be silent in the background... Guess this changed everyone's perceptions and Palm owes one to their R&D....

[Haha @ Jan 8th 2009 5:03PM]

The pre is awesome! way better than the centro

[John @ Jan 8th 2009 5:05PM]

Of course, according to Google Finance, you're still down over 99% if you bought in March 2000...

[a ham sandwich @ Jan 8th 2009 5:32PM]

killjoy

[BenS @ Jan 8th 2009 6:24PM]

...and dumb enough to still be holding on

[Poom @ Jan 8th 2009 5:07PM]

holy....

[L @ Jan 8th 2009 5:08PM]

Well deserved. Hooray for Palm!

[Stephen Chan @ Jan 8th 2009 5:10PM]

yeah, bought some @ 2.10 & 3.30 ... happy days.

[Reality Check @ Jan 8th 2009 5:23PM]

Bought $55,000 worth @ 3.18. CHA-CHING

[Mobius_1 @ Jan 8th 2009 7:43PM]

You serious? Buy me a pre, pre-tty pre-tty please... :P

[Not exactly difficult... @ Jan 8th 2009 5:48PM]

If you didn't see this coming, you should get out of stocks. This is the closest thing to stock-marked certain it gets.

Stocks so cheap high volume trades are possible, combined with positive (duh) conference, as any conference in a company trying to save itself will be, stock responding to conference, circular volume enhancement of the supply and demand, and there you go.

Simply speaking, conference is predicted to be good, stock's cheap, people want to buy the stocks, forcing the price up.


Take a look at the other tech companies stock, comparing it with positive news. Keep watching, and you'll see the pattern of "free money" if you invest. I'm currently paying my way through medical studies, which isn't exactly cheap, without loans, prior experience with stocks, or any hard work.

[DJ Wooldridge @ Jan 8th 2009 6:19PM]

With this market it will drop again before the release... there are lots of stocks that have increased or doubled in the last few months because they are well below market value due to scared investors and people having to sell to meet margin calls.....

[b @ Jan 8th 2009 6:27PM]

I actually bought this due to the engadget post about Nova being unveiled at CES, got it at 2.15. I feel happy my speculation was right

[heffer @ Jan 8th 2009 6:48PM]

Not only was it obvious to buy palm stock because of the buzz and its inexpensiveness, but the team behind came from apple.

Is a sports team good because of the jersey or because of the people who wear it?

[LS @ Jan 9th 2009 10:55PM]

Anyone else notice that the Palm, since December 25th, no longer has any handhelds like the Palm TX?? What gives? Even their 800 customer service number had no idea that the new website design sent all the handhelds to a graveyard - without so much as a decent goodbye to our favorites!

[B Blomberg @ Jan 10th 2009 2:15AM]

I was actually very sad that I couldn't by any stock (no money) when I read that Nova will be presented at CES because I was sure it would be a very positive reaction...