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A Few For Friday: Yahoo, Palm, Activision...


For shareholders accustomed to being hit the head with a hammer, Palm ceasing to actively hurt itself is wildly bullish.

The following originally appeared on the Buzz & Banter earlier today and is reposted here for the benefit of the Minyanville community.

Hello from New York, where I'm trying to find a place to cash in the "I'll have a spirit-crushing headcold by the end of September" futures I bought when I sent the kids to their first day of school. Here's what else is cookin' in horse country as we wrap up the third quarter of a freaky year...

  • Speaking of things I like but don't yet have a financial stake in, Palm (PALM) strikes me as a nice long set-up. Yes, Elevation Partners pillaged its balance sheet. Yes, Palm managed to steer clear of making money during a historic run in an industry Palm helped invent. Still... no one believes and the two major decisions we've seen from the new bosses (killing Foleo and launching Centro) are smart moves. For shareholders accustomed to being hit the head with a hammer, Palm ceasing to actively hurt itself is wildly bullish.

  • "The lake, it is said, never gives up her dead when the skies of November turn gloomy". But I do. Yahoo (YHOO) is alive to me all over again. Shorts take note: my liking Yahoo has been a great entry point for bearish bets this year.

  • Speaking of things previously spoken of on Fast Money, the show is moving to 5pm starting October 10. Overall, it's a good thing. That said, television is much like being an apprentice to Dread Pirate Roberts; you can rest ever easy that you'll most likely be killed in the morning.

  • It might be the cold meds but I've been listening to the song Edmund Fitzgerald all morning. I hadn't thought of the song for years until Guy mentioned it on the show last night; now Wreck is the internal soundtrack to the last 15 hours of my life.

  • Oh yeah, stocks. Dish (DISH) continues to trade dry as a bone, Activision (ATVI) is making new 52-week highs and Blue Nile (NILE) is looking a little like a break-up waiting to happen (as I saw Prof. Cooper note just after I typed it).

  • With the rally looking like it has every reason in the world to die, I put in a call to my buddy who foresaw Boo's Blues prior to the rate cut party. His take at the moment is a shrug but then, he's out West where the pubs don't open for another couple hours. I'll keep you posted, Minyans.
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Position in ATVI.

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