Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Mac S. Giballa who wrote (39815)	2/24/2000 2:33:00 PM
From: The Phoenix	Respond to of 45548

Oooooops... You're calling out the bulls. <ggg> OG

To: Mac S. Giballa who wrote (39815)	2/24/2000 2:49:00 PM
From: Bobo	Respond to of 45548

"I honestly believe the IPO will be a dissapointment. This is not going to be one of those up $120 initial trade days, rather I think a closing price near $25-$30 is likely, and that COMS will immediately get discounted." I you think that Palm will close at those levels, you ought to sell now because COMS is way out of wack already. I can tell you though that my Goldman broker that Palm is a "white hot" deal and that it will easily run past $100 on IPO day. This guy has seen it all and suggest that every retail account they have wants in on this deal.

To: Mac S. Giballa who wrote (39815)	2/24/2000 3:36:00 PM
From: Tumbleweed	Read Replies (1) \| Respond to of 45548

I honestly believe the IPO will be a dissapointment Well, each to their own and time will tell us who is right, however if you beleive that, you shouldnt be holding at these levels. Lets be quite clear, we are not talking rational financial analysis here. If we were, RedHat shares would be $5 not $250, and companies like WebMethods, who I am sure have perfectly fine software, would not go from $30 to $200 on IPO day. This is a non-rational market, where often the only thing that matters is the admittance price on the share, ie its actual price. I have been told by several otherwise seemingly rational friends that share X at say $50 is better than share Y at say $100, because $50 is cheaper than $100. I am not kidding. These are people who hold multiple thousands of dollars worth of stocks. And they are not alone, why else do companies split shares? Psychology, not finance. In this market, psychology is a better predictor of stock prices than finance, because this has very little to do with numbers. Its all about chasing a dream, jumping on the train before it 'leaves the station', or being aware of what going on but subscribing to the 'bigger fool' theory. Using psychology and not finance, I predict that PALM will go through 100 like a knife through butter on IPO day. I have no idea whether it will end at 50 or 200, either is equally possible. If you doubt this, look at the price of VALinux , a company that exists by selling free software, if you see what I mean. That company currently has a market cap of $5B (and it was around $15B on IPO). People will say (reasonably?!), well in that case, Palm is worth 20x that. Or evem, hmmm LNUX is $120 a share, and Palm is worth 10x that so I'll pay up to a thousand a share or so. It would be funny if you couldn't make money doing this stuff <g> Joe