PALM - The rebirth of Palm Inc. Message Board

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Technology Stocks : PALM - The rebirth of Palm Inc.

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To: David E. Taylor who wrote (1704)	9/13/2000 2:39:55 PM
From: Mang Cheng	Read Replies (1) of 6784

< But it's beginning to look to me that PALM has gotten ahead of itself now, and it's going to take a real blow out Q and upbeat CC on 9/25 to sustain this price. > David, I don't agree with your above statement. The current price action of Palm is a conscientious effort of the MMs to re-price Palm to its fair value. The fair value of Palm is at $60 by my own evaluation. One days pre-ipo (talking about history again!), coms/Palm took a valiant effort to adjust Palm to $60 and giving coms/palm an actual price of over $100 and eventually rested at $115 (and crashed). This kind of slow and steady rise with relatively low vol. is price re-adjustment - not overbought and of course it's actually a Reverse Shakeout© :-) Thanks for the copyright mark ! Mang

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