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: greg nus who wrote (2278)	10/20/2000 9:17:33 AM
From: TechieGuy-alt	Read Replies (1) of 6784

...and all of these people were SUCKERS taken for a ride by wall street. If your point is that the stock was worth $165 that day, why did it not stay there for more than a few minutes (10's or minutes?). Why did it fall all the way to the higher teens. I could make the point that a few months ago people were not willing to pay more than the high teens for it. The question still remains. ALL stocks MUST be "valued" at some price at a particular time. Else there is no stock market (at least a liquid one). If you claim that a P/S of 19 is a good one, I'll ask why? If there is no "logical" valuation for that then I'll ask what is wrong with a P/S of 25, 30,25,40 etc. Don't depend on what the "funds" are doing. Do your own research. These funds can dump before you can say "whatDuh!". TG P.S. I am long PALM and will be for a time to come, but I don't fool myself into thinking that the shares are "cheap". A market downturn and these shares at half the current price would still be too expensive.

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