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Politics : Idea Of The Day
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To: TWICK who wrote (38031)4/5/2001 1:29:17 PM
From: Crystal ball  Read Replies (2) of 50167
 
SMART MONEY IS BUYING. PALM: Shares Out 566.51 mil Float 560.80 mil Institutional Holdings % 60.44, so non-institutional holdings is 188.2 Million shares, so when 130 million share sold during the sell off last week that was pretty much the whole panic stricken herd sold right into the hands of the institutions like mutual funds that are now holding much of those share, I would guess, for the window dressing they were seeking when they and short sellers drove the price down. When the herd panicked and sold, they bought. Remember the movie "It's a wonderful Life" with Jimmy Stewart trying to explain to the bank run mob at the Bailey Savings & Loan "Don't you see, don't ya see, you're selling and Potter's buying." The smart money bought and is buying PALM.
I am,
Truly your$,
-Crystal Ball
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