PALM’s stock price has been on fire (to say the least) since the beginning of December. The price chart shows a near perfect Elliott Wave pattern. Three impulsive waves up with a beautiful gap in the middle of wave 3. We’re looking for a minimum of $8.46. Can it take out the August 2008 highs?

Palm, Inc. (NasdaqNM:PALM) provides mobile products for individual users and business customers worldwide. The company offers integrated technologies that enable people to stay connected with their family, friends, and colleagues; access and share the information; and manage their daily lives on the go. Its mobile products include smartphones and handheld computers, which provide various business productivity tools, and personal and entertainment applications. The company offers Centro and Treo 755p smartphones on the Palm operating system platform and the Treo 700wx, 750, 500, and 800w smartphones powered by Windows Mobile operating system. It provides Palm and Tungsten handheld computers, including Palm Z22, Tungsten E2, and Palm TX that incorporate data synchronization technology, enabling the devices to synchronize with desktop applications, such as Outlook, and an infrared port for exchanging information between devices. The company also offers various add-ons and accessories, including portable keyboards, memory expansion cards for storage and content, modems, headsets, and carrying cases. Palm, Inc. sells its products to wireless carriers, distributors, retailers, and resellers through its sales force, as well as to end users through its Web site at palm.com. The company, formerly known as palmOne, Inc., was founded in 1992 and is headquartered in Sunnyvale, California. Palm, Inc. (NasdaqNM:PALM) operates independently of 3Com Corporation, as of July 27, 2000.