Buying Swing: adding PALM 5 April calls at .55-.60 area OVER
Posted: Wed Apr 14, 2010 12:39 pm
Buying Swing: adding PALM 5 April calls at .55-.60 area OVERSIZED throughout lunch have been adding to the soon to expire but well in the money PALM 5 calls to make the position a 2X OVERSIZED stake. Yesterday positioned into these calls at .42 after the shorts and there bashing brought the stock down but today the negative pressures are starting to subside and the new wave of shorters should serve as additional fuel for a new swing trade. Today am expecting a strong close for PALM for as we are starting to get disclosures now smart money is accumulating PALM now .