SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ditchdigger who wrote (61616)3/7/2000 9:21:00 AM
From: DYW  Read Replies (3) of 95453
 
This is not to say that I don't think the whole PALM situation was nuts, but I don't think it's failure can be looked at as a "beginning of the end" for the tech mania.
Simply put, PALM investors ad an impediment that other momentum stocks don't have - namely being tied in valuation to a real company - COMS. It's this fact more than anything else that stopped it from running to totally ludicrous valuation.
So I don't think you can assume that any other new hot stock of the week will have any problems building their big bubbles, just because PALM failed to do so.
Obviously most of these stocks crash and burn just as badly eventually, it's just usually a little bit later down the road, and therefore less of an effect on over-all trader confidence.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News