Volume Spike Investor

Palm Inc. (NASDAQ: PALM) is surging right at the open on the hopes of its new PRE Phone.  A minute before the open it has seen 1.8 million shares trade with a last print at $5.20.  Average volume is only 2.5 million shares now.  This one closed at $4.45 yesterday.

Another factor was the imbalance order….Mkt On Open Buy Imbalance: Shrs 437714

Don’t be shocked when you see that this one has traded an exponential amount compared to its average volume today.  This stock is now up about 300% off of its lows. (9:29 AM EST)

Jon C. Ogg
January 9, 2009