Friday, March 19, 2010

Palm Analyst Hypocrisy

Palm (PALM) has started the final death rattle. The market was fooled a little bit in the past week and suckers bought in. The main culprits at this point are the analysts who are hastily cutting recommendations. This is like closing the barn door after the horse has bolted.

If you are a Palm analyst and only just now adjusted your forecast downwards you are either incompetent or a fraud. SEC should investigate your in-eptitude. Lawyers should be suing you and your sponsor firms. The law suits will drag out but will serve as a penaly for the sponsor firms for allowing investors to be misled.

Bottom line if the analyst could not figure it out they are losers who should not be listened to. List pending.