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PALM: With the January announcement of the upcoming Palm Pre in June the corporate revenue has tanked and stock price has more than doubled.
It seems that lots of Palm customers are holding back on purchasing a new Palm phone in anticipation of Palm's "iphone killer". It's touted as their make or break product. This leads me to speculate that the brand loyalists and apple haters will flock to this phone and initial sales will be through the roof. Or, as seems typical of flagship phones in the last couple of years, it may be found lacking and abandoned. This could be to Palm what Wii was to Nintendo, or it could be the end.
How about a straddle/strangle; buying both call & put options and seeing what happens. Is this worthwhile or is there a better approach?
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