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

To: Mang Cheng who wrote (1700)	9/13/2000 1:07:31 PM
From: mr.mark	Read Replies (2) \| Respond to of 6784

hi mang, re "what I would call a 'reverse shakeout' - that the MMs move the stock up painfully slow and lots of long share holders would be tempted to dump their shares and lock in their profit along the way up" wow, what a concept. i've never heard of this, but it has a degree of merit. is anyone else familiar with this? :) mark

To: Mang Cheng who wrote (1700)	9/13/2000 2:20:48 PM
From: David E. Taylor	Read Replies (3) \| Respond to of 6784

Mang: You're not alone - I was sitting on a bunch of Sept 40's bought at $2.25 back on 8/29 for what I thought would be a pre-earnings run-up to $43-45, sold 50% on 8/30 at $4.5 because I couldn't resist the instant double and the free remaining 50%. Saw the remaining 50% drop back to $2 on 9/6, and was glad to get $5 on 9/8 as the Nasdaq was selling off. Thought about buying them back on 9/11, but prudency got the better of greed (for once), since I figured PALM was bound to sell off as the Nasdaq continued to slide. Now of course I wish I'd held on to them, but the locked piggy bank of PALM shares is still intact and my wife has the key! So what's behind this amazing strength in PALM? Volume is healthy, do people perceive PALM as a "safe" temporary haven for some cash, which will flow out again once the big caps start to pick up some positive momentum, or has something about revenues/earnings leaked out? I have no info, just guessing. But it's beginning to look to me that PALM has gotten ahead of itself now, and it's going to take a real blow out Q and upbeat CC on 9/25 to sustain this price. I think there'll be a pull back once the Nasdaq gets up some steam again. JMO. David T.