Buying Swing: buying PALM 5 April calls at .42 area OVERSIZE
Posted: Tue Apr 13, 2010 10:23 am
Buying Swing: buying PALM 5 April calls at .42 area OVERSIZED. Premium has been sucked out of the 5 calls after the big pull back we have seen on PALM today. Am here further accumulating on a bounce strategy . I believe we will see 6s again today on PALM and believe today will be seen as a big buying opportunity on this one. And sill think that the UBS predictions of a 13 buck buy out is much closer to the mark than the new predictions that have come out last 2 days that appear as nothing more than the bearish propaganda from hedge fund related web sites.