IF PALM goes to BOOK I'll buy the whole company. Looks like Institutions BUYING UP the 130 Million shares of PALM, COMS at its cash reserves is even more of a reason than COMS book. Its a value buy, but it lacks the GROWTH of PALM my other favorite NTAP right now. Otherwise I would have traded to COMS at $5.50 last week.
PALM just seems so much the better buy, its P/E is in the 60s far less than its GROWTH, which means its PEG ratio is below 1, a buy even if it was your father's oldsmobile, or an old fashioned smoke staker stock. BUT WHO IS BUYING PALM UP and WHY? It is down big, but not in free fall, so someone bought on the panic sell off, WHO IS IT, and WHY? Until I know that, I am continuing to be a BUYER AND HOLDER OF PALM.
I am,
Truly your$,
-Crystal Ball |
