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Strategies & Market Trends : Ask DrBob

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To: iowamann, Spam Queen who wrote (5568)9/20/2000 3:48:11 PM
From: kleht  Read Replies (1) of 100058
 
iowamann - I agree that Palm will probably do better. At least it has earnings. A stock that does well in a market like this could easily do well in a better market. However, I hate chasing stocks once they take off, even as a long term investor that I am. The downside to Palm that I see is that although it has earnings I don't see any dramatic earnings increases coming in the next year or so. I think that what we are seeing here is mere speculation on the future of these companies. I suspect strong earnings is going to be more important in the months ahead than they have been in the past year or so. There may be better buys elsewhere, especially since these stocks have already had a good run. Also, HAND has no earnings and none are expected in the next year and PALM is extremely high-priced with no dramatic earnings increases in sight. Could be wrong, of course. This is from a longer term perspective. The short-term may be a different animal. I'm not well-versed in TA (yet), so good luck in your trading.
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