A lot of times when you want to get a good analysis/outlook you just have to follow the money. And right now there are some investment analysts – like Morgan Joseph and Collins Sewart – who are suggesting that owners of Palm stock sell now. You know… buy low, sell high? They think the Palm Pre has peaked.

The reasoning is that Sprint shipped less than 300,000 units of the phone in May and June when it was positioned as the flagship product. There were rumors of shortages and Palm supposedly ramped up production, but now that the device is readily available, analysts are cutting their estimates for how many more Palm Pre phones will sell the remainder of the year by as many as 500,000 units. Doesn’t sound too good, does it?

The diagnosis of the Palm Pre might be partially right in regard to Sprint, but what it says about the outlook of WebOS and/or Palm is unchanged if you ask me. Sure, Pre buzz as worn thin a bit but once Verizon launches the Palm Pre and other carriers outside the United States launch the Pre, things will pick back up. And of course you’ve got the good possibility that a new WebOS phone will be out in late 2009 or early 2010.

WebOS is young… and patience is a virtue.