Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Victor Lazlo who wrote (4628)	4/4/2001 8:30:29 PM
From: David E. Taylor	Read Replies (2) \| Respond to of 6784

Victor: Down another 9%. ugh.... All depends on your point of view. If you bought at yesterday's close of $6.53, it's true that today's $0.56 loss leaves you down around 9% for the day. But if you bought at say $25 or so (like many here), you're only down today 2.25% of your original cost basis, nowhere near as bad. If you bought at the IPO price of $38, your loss today is only around 1.5% of your cost basis. And, if you were lucky enough to have jumped in on IPO day in March 2000 at around $165, your loss today is a miserly 0.34% of your cost basis, insignificant IMO. In fact, I think I can make a case for buying all stocks at as high a price as possible, that way, any single day loss like today's can be reduced to levels that cause not a whit of care. And just think, when PALM finally turns around and puts on say $1 or (if the Wall Street vultures will allow it) even $2, think of the reveling we can indulge in from a 17% or 34% single day gain. I can't wait! "You must remember this, a loss is just a loss, A gain is just a real old pain........." Here's looking at you kid....... David T.