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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders -- Ignore unavailable to you. Want to Upgrade?

To: Gary E who wrote (555)	3/29/2001 11:36:08 AM
From: Crystal ball	Read Replies (1) \| Respond to of 589

130 Millions shares PALM yesterday would be a lot of short covering, I think they doubled or tripled up. First they forced it down, maybe with the help of maintenance and margin calls, then they flooded it with borrowed shares or the put/call options could be inverted and ahead of the curve, but in any event it wa a lot of buying. I think that at $8 or so, there was a lot of INSTITUTIONAL LONG TERM BUYING FOR WINDOW DRESSING ahead of the end of the month and some fund quarters. They know PALM has growth in excess of its P/E, a PEG less than 1. (BUY). I am, Truly your$, -Crystal Ball