Traders Playground

Buying Swing: buying PALM stock OVERSIZED at 4.16 area. This is initial reentry into a new swing trade on a stock that has been oversold for some time and that is heavily shorted. Rumors are again going around regarding a takeover and at this price I find her to be very attractive takeover play that would value this stock well above 10 bucks. A strong short squeeze could easily propel the stock up sharply from here. Still holding the 4 strike calls that were dead in the water before today, the 4 strike Aprils still underwater from .45 entry. its tempting to add but still quite risky, the stock is less risky here.