Beanie11111: The time is just right for PALM.

About Me

Location: USA

The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Thursday, October 12, 2006

The time is just right for PALM.

Currently trading at 16.05 .

With a market cap of 1.6 billion, i believe PALM is cheap. RIMM, on the other hand, is too expensive. RIMM has over 20 billion market cap.

Longer term play.

6 Comments:

beanie11111 said...: pamfla,

I remember RPMONT; the next time i see him i'm gonna fire him! lol

CSHD? It is great for those who got it at .25 ! At $2? Hmmmm, i pass.

With that being said, it looks like 1.80 is support.

I personally wouldn't touch it with a 10 foot pole because i don't know what it is they do.

See if the stock can bounce. Then sell the hell out of it and never look back. Jmho.

If i were you , i would use that money to buy stocks i've recommended on this blog. Stay away from pennies!; Thu Oct 12, 05:34:00 PM EDT
Anonymous said...: Beanie,
I have accumulated 288 shares of GIGM
buying when its down, it's starting to move up again. Do I sell now or should I wait until it breaks out it's 52 wks high of 12.55 to maximize my gains?; Thu Oct 12, 09:44:00 PM EDT
beanie11111 said...: sgv,

unless you have something else you wanna buy, i think you can hold on to GIGM, even thru earnings. I think it's headed alot higher, although i personally don't like Chinese companies.; Thu Oct 12, 10:53:00 PM EDT
beanie11111 said...: pamfla,

you know how these pennies go, just when you sell, they start rising again and then you get itchy fingers and want to jump back in (just when it's about to collapse once again...lol)

I say stay away from pennys for life and have no regrets.

I can only count less than 5 penny stocks )(maybe 1) in the last few years that are actually "investable" . Penny stocks benefit those who bought in early and start hyping it to everyone else. Jonathan Lebed is the master of penny stocks. Only he can make real money there, and he got himself in trouble with the SEC.

If one cannot make money trading "regular" stocks, it is highly unlikely one will make real money in the long run from trading penny stocks. There is just no pleasure in investing in penny stocks.

I like to ride free shares of lots of good stocks, with some potentially becoming the next Dell or Microsoft. Don't you?; Thu Oct 12, 10:59:00 PM EDT
beanie11111 said...: hey folks,

i believe NUAN is on it's way to take out that high in the short term.; Fri Oct 13, 02:31:00 AM EDT
Anonymous said...: beanie chat not working ?; Fri Oct 13, 11:59:00 AM EDT