PALM under attack

What PALM investors should do at this point is take delivery on their stock so short sellers can not borrow your stock to sell it short. Then an avalanche of calls to cover and margin calls will be launched. If the owners of PALM stock do it right they will all get out at a substantial profit because a short squeeze takes a stock to heights never seen before.

Palm's short interest has peaked as shown at the following site.
http://www.dailyfinance.com/company/palm


Currently Motorola could acquire PALM for less than $1Billion. PALM is near the bottom of the channel for trending. PALM has been a survivor.

Insiders and institutions are now net buyers of PALM.
Insider Purchases - Last 6 Months =2,276,920
Total Insider Shares Held =13.66M
% Net Shares Purchased by insiders =18.7%

Net Institutional Purchases - Prior Qtr to Latest Qtr = 704,614
% Change in Institutional Shares Held +0.4%

Now is the time for the owners of PALM stock to take delivery of their stock so the short sellers will be forced to give back the shares they are shorting. The only way the short sellers can return the shares is to buy the shares back at sharply higher prices. Pass the word along.

World Outlook
Brazil’s central bank may raise interest rates for the first time in 18 months as the rapid recovery of Latin America’s biggest economy has pushed inflation above its 4.5 percent target.
This Week of Market Reports:

Federal Open Market Committee Meeting and reports that both Japan and China are now selling US debt and no longer buying.

This Week of Market Reports:
The Federal Reserve said industrial production increased for the eighth consecutive month, edging up .1% in February, even though the figure's manufacturing component fell .2%. Separately, the Empire State Manufacturing Survey, an indicator of economic conditions in one of the most populous states, came in at a smaller-than-expected drop.
Housing Starts were down 5% last month allowing more foreclosed property to clear than might otherwise. FOMC announced it would continue to hold interest rates low.

Yesterday
Product Price Index dropped 0.6% but the core PPI increased 0.1%. It indicates that the sharp 1,4% increase last month was a statistical outlier and inflation is not serious.
Leading indicators were up only 0.1% last month after being up 0.3% the previous month The stock market is one of the leading indicators ant it is poised to fall.
Initial Unemployment Claims declined to 457,000 from 462,000.
Market Reports:

Friday, March 19:
Quadruple-witching expirations.


Market Outlook March 19
While optimists think the market can reach another new high (head) in a few months we still see it the current advance as a second shoulder about 2.7% lower that the last head. Washington news is pretty depressing with the leftist attempt to nationalize health care. However a 2.7+% rally is feasible if Obamacare is finally defeated. But that will be a false breakout if as with voodoo, Obama believes his bill can keep rising from the dead. If it fails this week he may ask his walking dead Democrat party to raise it from the dead again on Easter. Passage of Obamacare would be a disaster for American liberty and world peace and prosperity.
At this time we are taking profits and reducing holdings as we get more into cash. We still see the averages possibly rising 2.7% more in the next few months. Some stocks have run up and it is time to rotate out of them and into more promising stocks. We expect FED tightening to be required before elections but some are saying it will start before the next FOMC meeting. The market has recovered less than half the loss of this recession. With Obamacare and Obama immigration policy America is at risk of another Great Depression beginning in about a year. The lunatic left must be voted out of office. If they are voted out and Obamacare is aborted then the market could end this year with a healthy advance.


World Markets
Asian markets were up over night; Shanghai up 0.7%, Hong Kong up 0.2%, India up 0.3%, and Japan up 0.8%.

European markets are currently up in the range from 0.4% to 0.6 % this morning about half way through their day.

Today US pre-market futures are flat in a range 0% to 0.1% at 8:30 AM EST.

PALM is ready for a short squeeze