I realize I could be biased in my thoughts... but I think a lot of people that said they would be bought are right for the wrong reasons. I stand by my opinion that it was highly reasonable to think PALM was going down much further. HP buying them was a big surprise.
I didn't hear many people say HP, and it would seem that the 'potential buyers' had almost no interest. But.. maybe the reason for the $5.70 price tag was because others expressed an interest.. even if it was half hearted.
I was in at $5.09 ... I'm out at.. well.. according to HP... will be $5.70! Not happy, but its at least its a managable loss. I am assuming the higher price right now is just short panics and triggers.
On another note... I have to believe that this lawsuit has something to do with the $5.70 price tag being way too low for some people that have been in for a period of time. There had to have been a lot of longs that are losing money on this deal. It will be interesting to see what happens.
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