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Technology Stocks : PALM - The rebirth of Palm Inc.
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To: Richard Birecki who wrote (125)2/28/2000 10:15:00 PM
From: Rupert  Read Replies (2) of 6784
 
RE: "How do I place an order for a company that does not technically exist yet?"

Placing a market order for PALM (or any other red hot IPO) before it starts trading is IMHO the financial equivalent of jumping off the Golden Gate bridge. You will be killed. They can basically charge you anything for your shares. Have a look at the chart for VA Linux (LNUX)(or almost other red hot, heavily hyped IPO that is mentioned on CNNfn every night for a week) to see what can happen when thousands and thousands of people throw speculative money at a moving target without setting limits. If you must own the stock on the first day of trading, (and there is often not a lot of point in aiming to do this unless you really think it is an overlooked bargain, which PALM clearly isn't), use a limit order. Doesn't mean that I don't love the products. I do love Palm-the-products. But I'm staying way clear of this whole PALM-the-stock thing for now. Too hot to handle. That goes for the COMS run-up as well. That's a story that can only end in tears. The people who saw this coming months ago will make out great. And the people who are just jumping on board COMS now probably won't.

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The weekly IPO Hardball Internet radio show covers PALM and this week's other offerings:

vcall.com
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