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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 7:48:23 PM
From: Andre Williamson  Read Replies (2) of 6784
 
David,

There'll be lots of jittery profit taking as the Nasdaq recovers from its almost terminal case of being mugged.

FWIW, I read this as a great contrarian signal. That this could feel like a mugging, I have no doubt. But to feel that it's "terminal," when we're well ahead of where we were just a few years ago, smacks of hysteria and 'focusing on the yoyo rather than the path up the mountain.'

As it happens, back in the 50s (Palm's 50s, that is ;) I got out saying that a big haircut for Palm was par for the course. As it turns out, I got the haircut anyway, despite being in what I considered to be far safer issues.

I still feel that Palm will grow into (and far exceed) its current valuation - eventually. But short term, over the next few years, haircuts remain a continued possibility.

To hold this stock, I think you really have to hold it <g>.

Andre
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