PALM - The rebirth of Palm Inc. Message Board

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Technology Stocks : PALM - The rebirth of Palm Inc.

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To: oxman6 who wrote (2073)	10/11/2000 3:18:14 AM
From: FNS	of 6784

Sorry to see PALM break the 43 double bottom...it hit 41 today which is another spread double bottom back to Sept... it should hold in the 40-41 area and see some bounce pending announcement tomorrow! Unfortunately, TA doesn't mean much when markets are free falling like now and especially in light of LU's 3rd or 4th warning/snafu! and resulting tech selling in the after market! Still hard to predict bottoms - MOT made the numbers and YHOO a penny better but no rally... could see another 200 points southerly for the NASD, around 3050 or so...but hope I'm wrong! Once INTC, MFST, WCOM, and stocks like NT start firming up, I think other techies will firm up... CSCO getting killed doesn't help. My concern now is whether PALM can move higher given the very high PE/market cap! and falling leaders! IMHO! FNS

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