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To: Voltaire who wrote (46176)10/26/1999 5:37:00 PM
From: Jim Willie CB  Respond to of 152472
 
Volt, let me see if I understand the manipulative process

volume was low today, less than half average daily volume
we sat at support of 211 for most of the day
not much previous buying in the 210-212 range last 2 weeks
good argument made for claiming strong support at 205

so we chip away all day long at buy orders in 210-212 range
then at the end of the day, bighouses notice dwindling orders to buy
so they dump just enough shares to send the ask down toward 205

this will encourage others to fretfully dump until we hit 205
then the bighouses begin buying in earnest again
they buy and buy and buy at 205-207 while market settles
they buy far more than they dumped at the edge of 208-211

meanwhile, GDP numbers come out on Thursday
the bond and stock market are likely to get roiled

why didnt I sell all my Nov210 calls last Friday at 224?
because I could not stand complete satisfaction !!!

/ Jim Willie



To: Voltaire who wrote (46176)10/29/1999 3:46:00 AM
From: Sommers  Read Replies (2) | Respond to of 152472
 
Voltaire, as you know, Qualcomm's PDQ and IBM's "WorkPad" phone run on the Palm software platform. And more recently, at the telecom conference in Geneva, Palm announced they would jointly develop and license their platform with Nokia and Symbian.

In light of the fact that both Sharp and Philips are abandoning the use of Windows CE, I have to wonder if the Palm computing platform may well be positioned to soon become the Gorilla of wireless operating systems.

What do you make of these unfolding events?

To be sure, Palm is ramping marketshare and you know 3Com plans to spin off this division as a pure play in wireless. Other than the fact Palm is positioning itself "orthogonal" to Microsoft (a risky move to be sure for any company wanting to survive in the rain forest), I find the Palm platform to be exhibiting strong gorillaish characteristics.