How to Profit From the 10 Biggest Wall Street Lies of 2009

#11 The Palm Pre is the Ultimate iPhone Killer

This little gem was perpetuated by tech guru and investor Roger McNamee. Of course, Mr. McNamee is a member of the Palm (PALM)
board of directors, and his firm is an investor in the company.

Did I mention that PALM shot up after his comment, before the mediocre and overpriced Pre hit the market? The company then issued shares a few days
later? You and I would go to jail for doing this.

Lesson for investors in 2010: If you can handle volatility, short PALM and anything else that tries to get in the way of the Apple
(AAPL) iPhone.

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