Despite a recent fund manager who made a negative comment about PALM on TV that created a lot of daytraders to sell, we can clearly see that the trend of professionals "on the go" are buying up the PALM products as fast as they can put them on the shelves. The Blackberry is not the way to go. The new PALM Treo 700 can open attachments and this is a very desirable feature to many. Click To See The Palm 700
The mutual funds have increased their positions today as daytraders got spooked out.
Glenview Capital Management, however has sold 1/2 of their position or 1,400,000 shares, Oppenheimer Funds have increased their position +1,200% adding 8,370,000 shares. Vanguard Funds have increased their holding +109% by purchasing almost 2,000,000 more shares.
Looks like the SMART money is betting on PALM and so are we.
