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Technology Stocks : PALM - The rebirth of Palm Inc.
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To: brakkar who wrote (158)3/1/2000 12:45:00 AM
From: chris dawson  Read Replies (1) of 6784
 
I think the IPO will go better than anyone expects. I always regretted not buying YHOO and Redhat on the day or week of the IPO. They are the 'big names' in their sectors now. Palm is the only pure PDA play now(And profitable, imagine that!), and if you take a look at their customers not only do they love and use the product, they are also the type of people that will put their investment money behind palm. Basically I think the retail investors will make this huge.

I like most have no way of getting in on the IPO early, but then I was reading about how 3COM was still going to keep 94% of the shares. I did some 'hand waving new math' and convinced myself that if PALM goes up 100+, then 3COM is bound to follow one way or the other. I decided this today before market open, and thought since I was just in it for the price movement and COMS is so expensive what about options? So I made my 3rd option trade ever this morning, (the first two expired worthless a few years ago, lost about $500 each time.)

So I get to brag now luckily! (Got 2 March 85 calls at $10, they closed at 19.5!!!) I'm going to stay up late tonight to see how it goes (I'm in Australia, market opens at 1:30AM my time...) I think this is one of the few times options have made sense for me.

BTW I put a stop order in at $15 today to ensure I at least make 50%.

I'm guessing we'll see COMS up at least 30% tomorrow, maybe more as PALM goes to insane highs. (Probably won't even show up on the screen until after lunch Eastern time...)

We'll see what happens!

-cd
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