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Strategies & Market Trends : Sharck Soup
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To: Softechie who wrote (22054)5/10/2001 1:22:08 PM
From: American Spirit   of 37746
 
I'd say Knight's right about double bottom test of yesterday's lows here. AAPL at 23.70, PALM at 7.64, just bought both. Additional orders in on others a little lower. Gotta figure tomorrow the Fed rally will begin, or by EOD today. And you're right, feeling safe here with the range. Worst case a small loss but best case a significant rally into Tuesday. Buy before everyone else does, that's the idea here. Buy into weakness.

Positive article on Palm in Red Herring. Said 65% of hand-held market due to double within 2 years. Even with smaller margins looking good here. $7.50 has held recently. Bounced off $10.50 last big rally. AAPL I'm not worried about.
HWP, SCNT and UIS also look at new bottoms here. Actually HWP at 52-week low.
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