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: Andre Williamson who wrote (3263)	1/3/2001 11:06:32 PM
From: Mang Cheng	Read Replies (1) of 6784

FNS, Palm is an extremely high Beta stock. It just swings with the Nasdaq index. The index drops 5% it can drop 12% ! The same thing will occurs on the way up. If nasdaq is back to 3500, Palm should reach $50. I'll set the low-end at $20 and high-end at $50 and trade my holdings in between. It won't be a straight line up for sure. My tradings were way off last year since I didn't realize Palm could drop to as low as almost $20 with no profit warnings and the like. It's a really good lesson. Mang

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