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Technology Stocks : PALM - The rebirth of Palm Inc.
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To: Mang Cheng who wrote (1490)8/31/2000 2:57:21 PM
From: David E. Taylor  Read Replies (1) of 6784
 
Mang:

I'm convinced that the sell off from 8/8 through 8/18 was due to the overhanging fear caused by the bogus press on the lockup expiring on the 532 million distributed shares. And maybe that was all connected with the trades that David Kincade posted about a couple of weeks ago.

In any event, with that rumor put to rest and the Sony announcement, PALM has gotten some upward traction and momentum. I agree with you that the volume is still low, and I have the feeling we'll hang here in the mid $40's with strong support at $40 and $38 until earnings time, when we could easily clear the $45 and $50 hurdles.

And $65 on PALM by year end (after a strong Q2 earnings report in December) plus $20+ on COMS would certainly put us close to that old $120 combo level. And that would sure please everyone, not least the people who bought into COMS on 3/1 and 3/2 at that level.

David T.
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