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Technology Stocks : PALM - The rebirth of Palm Inc. -- Ignore unavailable to you. Want to Upgrade?

To: W.F.Rakecky who wrote (1169)	8/10/2000 6:21:23 PM
From: LLCF	Read Replies (2) \| Respond to of 6784

Stock still under pressure... usually when this happens the party believes that that there is a reason that they may need long stock in the NEAR FUTURE [ie. no reason to lug the puts and stock around for very long]... the news about PALM's competitor signing a contract with QCOM came out the next day... but it wasn't perceived as THAT bad... it was down about a buck, and another today but that could have been general market weakness. I'm a bit confused, perhaps they just know there are huge sellers around I don't know. In any case, this is usually a short term effect, although it went on HUGE. By say wed. I'd say the pressure from that particular trade should be long gone. DAK