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Technology Stocks : PALM - The rebirth of Palm Inc.
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To: David E. Taylor who wrote (3259)1/3/2001 4:23:43 PM
From: sunfish  Read Replies (1) of 6784
 
So much for my LTB&H "lock box strategery" and ignoring the swings. Time to bias my investment approach the other way and put my traders hat back on for a while as this thing painfully climbs out of one of the deepest holes it's ever been in. There'll be lots of jittery profit taking as the Nasdaq recovers from its almost terminal case of being mugged.

David- You could be right about the jitters and profit taking, but the market could also move relentlessly higher from here. Anyone who has "bought and hold" PALM to this point (like me) would be foolish to try to start trading now. If you got out of PALM at some point (I can't remember if you did), why not go back to your Buy and Hold strategy now and make a bundle. If you start trying to time those nervous profit takings you speak of, do you really believe you will be successful?

Take a look around, the market is depressed, everyone is depressed, the fed is going to ease, excesses have been washed out, traders are ruined, margins have been called, many threads on SI are relatively inactive, etc. A classic bottom in my book and a great buying opportunity for all that is tech. I'm out of cash having bought the NASDQ crash all the way down or I would add to my holdings. JMOHO
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