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

To: David E. Taylor who wrote (3259)	1/3/2001 4:09:49 PM
From: mr.mark	Respond to of 6784

hi david so the market gets the rate cut and now the worrying begins. as i just heard art cashin on CNBC say, in reference to the fed's unprecedented move today, "what did they see and when did they see it?" good luck with your trading endeavors. :) mark

To: David E. Taylor who wrote (3259)	1/3/2001 4:23:43 PM
From: sunfish	Read Replies (1) \| Respond to of 6784

So much for my LTB&H "lock box strategery" and ignoring the swings. Time to bias my investment approach the other way and put my traders hat back on for a while as this thing painfully climbs out of one of the deepest holes it's ever been in. There'll be lots of jittery profit taking as the Nasdaq recovers from its almost terminal case of being mugged. David- You could be right about the jitters and profit taking, but the market could also move relentlessly higher from here. Anyone who has "bought and hold" PALM to this point (like me) would be foolish to try to start trading now. If you got out of PALM at some point (I can't remember if you did), why not go back to your Buy and Hold strategy now and make a bundle. If you start trying to time those nervous profit takings you speak of, do you really believe you will be successful? Take a look around, the market is depressed, everyone is depressed, the fed is going to ease, excesses have been washed out, traders are ruined, margins have been called, many threads on SI are relatively inactive, etc. A classic bottom in my book and a great buying opportunity for all that is tech. I'm out of cash having bought the NASDQ crash all the way down or I would add to my holdings. JMOHO

To: David E. Taylor who wrote (3259)	1/3/2001 6:19:16 PM
From: Mang Cheng	Respond to of 6784

Re:the big guys who are laughing all the way to the bank with the shaken out stock they've been soaking up. David, I totally agreed with your above statement. It had been a really tough two months. If the fed dosn't come out to cut the rate, we could really see a financial melt-down - not only for the US market, also for markets all over the world. The fed really doesn't want to spark another round of Asian crisis - business peoples in Taiwan were committing suicide regularly - which most countries are in danger of falling into. I am hopful that we'll see some better days for Palm in the near future. Delphi is going to show off the phone/palm for cars this Sat. I think more good news could pop the stock up to $35 in the short term. Mang

To: David E. Taylor who wrote (3259)	1/3/2001 7:48:23 PM
From: Andre Williamson	Read Replies (2) \| Respond to of 6784

David, There'll be lots of jittery profit taking as the Nasdaq recovers from its almost terminal case of being mugged. FWIW, I read this as a great contrarian signal. That this could feel like a mugging, I have no doubt. But to feel that it's "terminal," when we're well ahead of where we were just a few years ago, smacks of hysteria and 'focusing on the yoyo rather than the path up the mountain.' As it happens, back in the 50s (Palm's 50s, that is ;) I got out saying that a big haircut for Palm was par for the course. As it turns out, I got the haircut anyway, despite being in what I considered to be far safer issues. I still feel that Palm will grow into (and far exceed) its current valuation - eventually. But short term, over the next few years, haircuts remain a continued possibility. To hold this stock, I think you really have to hold it <g>. Andre