Hi Sunfish: << A classic bottom in my book and a great
buying opportunity for all that is tech.>>
I agree, but the tragedy for me is that I didn't get out when Palm was 100+ (or even 50,,,or 40, etc.) and shooting for the stars! and, consequently, bought all the way up on margin and then squeezed very hard as NASD and PALM started south! So, while I still have a limited long position in PALM, I have to ask myself that while PALM may have an excellent future and become a MSFT in the PDA arena, "Does the stock warrant such a blue sky PE at this time?"... To make matters worse, HAND and RIMM are definitely in the same sector boat and while I don't believe they warrant such a high PE, as these stocks tumble, it makes for a negative impact on the price of PALM stock! IMHO!
Bottom line, I question whether PALM can sustain a lofty price now and throughout 2001! Many big fish like CSCO, INTEL, MSFT, and EMC have been hard hit due to loss of momentum and the street demanding more realistic PE's (MHO)!
And PALM is no MSFT, yet!
My other concern is that PALM may become just another commodity maker due to growing competition and go the route of CPQ and/or DELL, et al.
On the other hand (sorry, not HAND! or should I say palm!), my gut tells me to hold!
Enjoy all the posts...and thanks for any comments on above.
fns |
