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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 (3270)	1/4/2001 1:57:48 PM
From: sunfish	Read Replies (1) \| Respond to of 6784

my own experience trading CSCO/DELL in one account vs LTB&H in another between 1996 and 1999 taught me that when a company is in a sustained revenue/earnings growth phase, it's tough to beat the LTB&H approach. But I'd be foolish to believe that PALM will not continue its wild swings over the coming year Sounds like buying and selling calls has worked great for you. I don't like the time sensitive nature of calls and so don't use them though I can see how your strategy is sound. Just in case you are interested, the strategy I use to invest is the same for every stock I own and it's not strictly "buy and hold". I buy "some" shares at what I believe to be a depressed price... usually on the way down and 40% or so off the all time high (my PALM all came from COMS very very cheap years ago). If the stock continues down another 40%, I double in, and if it goes down yet another 40%, I double in again. I ALWAYS double in at least once, no matter how bad the prospects are, if the stock drops 40% after my first purchase, but I also always buy quality companies that are unlikely to go to Zero. As the stock recovers (they always have), I sell some of my position at intermediate highs, reducing my holding to perhaps a quarter of my maximum shares owned by the time the stock reaches its all time high (though I won't wait until $165 to have sold 3/4 of my PALM!, probably closer to 80). Works for me though I must admit that this latest NASDAQ crash was the worse drubbing I've ever had, down 60% on my portfolio! Just prior to the crash, I was selling PALM around 60, but not nearly fast enough selling only a couple of thousand shares. During the crash I bought everything BUT PALM (most of it too early) until I was out of cash. Now I'm just grinning and bearing my severe portfolio "correction" knowing that the sun will shine again. Technology is not going away, not by a long shot. The market was very overvalued, but it will be overvalued (and undervalued) again giving me opportunities to buy and sell again, but always with a long term and patient, never panic, horizon. Good luck with your style! Like they say, "boys, if we all play this Poker Hand REALLY well, we can all win some money".