PALM higher: CORRECTION on FALSE RUMOR, Growth much higher than 40%. Lots of false rumors today, Short sellers must be getting SQUEEZED, the Bear market is over with, as Buyers not selling anymore, and the markets only going to recover on the upside, as for PALM ffalse news today, which has been corrected, even if PALM only had 40% growth, that would command a PEG commanding a higher current price of at least P/E119/40=3x$14.50=$45, and of course with PALM's CORRECT HIGHER GROWTH, PALM should be over $65. Even if false rumor that PALM GROWTH was only 40% was true, think of all the other economy stocks at zero growth or totally flat liners. Either way, I see PALM REBOUNDING to its prior highs of $68 sooner than you think.
Truly your$,
-Crystal Ball
P.S. FAST MONEY: NTAP also hit by false press release confusing Netopia NTPA with NTAP Network Appliance, I anticipate a fast and furious RALLY FOR NTAP on the CORRECTION:Article for Network Appliance Inc (NASDAQ NM:NTAP)10:04 AM most recent headlines next article:
CORRECTED - Proxim, Netopia end merger accord, blame market conditions
FRIDAY, MARCH 23, 2001 10:04 AM - Reuters
In SUNNYVALE story headlined "Proxim, Netopia end merger accord, blame market conditions" in first paragraph
please read ...Netopia Inc. (NASDAQ NM:NTPA)...instead of...Netopia Inc. (NASDAQ NM:NTAP) (corrects stock symbol). A corrected version follows. etc etc.
<http://www.bigcharts.com/news/articles.asp?newsid=776808680&symb=NTAP&sid=15729> |
