Buying Swing: buying PALM 7.50 Mar calls at .25-.28 OVERSIZE

[MMASSASSIN]

Buying Swing: buying PALM 7.50 Mar calls at .25-.28 OVERSIZED This is the first entry into PALM am now turning to the may calls next for the takeover should see bids most likely into monday but if not surely before may expires, the question is how high the bids will be. I see as mentioned before great value in patents and a mobile operations system that needs a sutor with big pockets to come in and market it loud enough to have a chance against the marketing dollars spent by AAPL and GOOG. Today as the April calls expire have made the exit plans for the remaining april positions and now moved on to a very bullish bullish stance on PALM while making a very bearish stance on RIMM with the buying of the RIMM 65 May puts today. There is the possibility that the one that buys PALM is rim now even though that would be a very smart move by rim who has a decrepit old OS that is losing market share by leaps and bounds but RIMM still has the pockets to buy and market the PALM directly to its existing enterprise clients. Even if RIMM was to buy PALM a brilliant strategic move wall street would most likely punish it so the puts play on RIMM might still work while we profit from the PALM calls play. so with that think the strategic positioning has begun today for next month , good luck one and all.