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They left PALM for dead

|Includes: Palm, Inc. (PALM)

I could not find anyone who liked Palm after its latest collapse. Everyone thought it had no chance as the competition ate its lunch - and dinner. But take a look at this chart:

Sure looks like a selling climax and buying surge. Think 90% downside day followed by a 90-% upside day as applied to the market as a whole. The tsunami tide pulled back and then rushed back in.

It is still way early to say that this is going to be a winner but for those of us who speculated on the final washout (I did) there may be a nice little payday here.

Disclosure: long PALM