Tuesday, March 3, 2009

Trade Call :PALM

We have an open short on PALM. They just reported earnings and it is terrible but the stock is halted. I am hoping it get crushed so we can take a nice profits from it.

ONLY WINNERS!!!!!!!!!!!!!!

Levels

Look for us to test 682/685 level tomorrow and maybe bounce. They are trying there best but that level is definitely an area they want before they head higher.
Scary thing here is that this sell off has no panic in it, NOT A GOOD SIGN!!

GE?????

I wonder if GE is in some kind of trouble??
They are buying puts like crazy @ the $2.50 strike price for June. Around 52k contracts

That is some big bet.
I wondering what is going on. It wont be good if they buying puts so low