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To: Crystal ball who wrote (123137)4/6/2001 9:41:55 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
<<Institutions net redemptions, they BOUGHT PALM for window dressing, which had nothing to do with the net redemptions, except for the fact that they helped drive the price down the last week of March in order to buy PALM cheaper.>>

This is the kind of conspiratorial jiberish that can often be found on penny stock threads- " ... oh yeah, all the big brokerage houses are desparate to buy my stock- they just want to all get together and drive down the price first to get it at even better bargain prices!! "

The institutions were BIG SELLERS OF PALM AND STILL ARE, because PALM's EARNINGS HAVE DRIED UP and IT IS NO LONGER A SOLID GROWTH COMPANY. The institutions dropped PALM like a bad habit.

<< You can do this with less than a 5% short selling program, and with 130 million shares, they exceeded that by their wildest dreams, then they bought, and will like me, hold PALM all the way back up to is highs, >>

What planet are you on, crystal? When exactly did they "buy" ? PALM has been going straight DOWN now for many, many weeks. Stop deluding yourself about PALM- it's not healthy.

PALM basically sells luxury items- nobody really NEEDS a Palm pad. And since we are in a recession, or on the verge of recession, that is not good for PALM.