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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: maverick61 who wrote (51854)	5/31/2001 5:30:07 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Go ahead and short PALM then. But the company has no debt and like everyone else can borrow cheaply now. And you don't know what their burn rate is. I'm sure it's greatly reduced from last year. Afterall they did a big lay-off like everyone else. So of course they're not a bankruptcy risk. Your problem from my point of view is that you're always trying to appear an expert, diss me and disagree with anything I say. Like when you drove me off the board for being bullish 5 weeks ago telling me I should take Econ 101. Well turns out I was right and you were wrong (until three sessions ago at least) but no apology or congrats from you. And I just made a quick $1,000 scalp on PALM in 24 hours and 50% last month so who cares what you think anyway? I'm still convinced you just attack me because you know I have a low opinion of your man GW Bush because of his Cheney-run anti-environmental stances. But that's an OT. I think recent events have proven me right on Bush too. He's scrambling like hell for damage control now, was off in the sequoias talking environment yesterday (LOL) and offering poor people energy help (ROTFL) and talking "compassionate" again (who believes that now?) after his anti-eco moves clearly cost him Jeffords and the Senate. All becuse he let Uncle Cheney runs things and as everyone knows Cheney has one of the worst environmental records around. I was rightfully outraged about Bush several mnonths ago but now justice has been done. Good to see him joisted off his his own petard. As the for the market going forward I'm cautious. I tink I'll just buy the 2-3 day sell-offs and sell the 2-3 day rallies and hold my energy stocks. At least until Uncle Al G. rides back into town. 3% interest rates are coming. Just in time for PALM maybe. gg Back to our dogs, bottomline, at 5.51 where I bought PALM yesterday it was a true bargain. Apparently today the market agreed. I sold half at 5.88. It slid back to 5.63 and I'd recommend it there or lower for at least a quick scalp. Lately the average price for PALM has been in the 7.50 range. Being one of the most shorted and oversold stocks but an axcellent world-wide franchise with a solid future, any good news or takeover talk will send it flying back toward $10. That's almost a double from here. But I have only slight faith in the market this month so I took my scalp. Will hold the rest because I see no downside I wouldn't double up into. LU will rebound somewhat from the abyss they just fell into as soon they announce their next strategic move. They have to pay off a 2 billion debt in September so they will have to do something. They have at least two options, both which get them out of debt and pad their coffers with cash, at the price of a valuable unit though of course. They may also have additional suitors. SBC has been mentioned. Both PALM and LU are dogs but both are oversold. Those are the type stocks I like. Similar to LOR a month ago which has doubled since on insider buying and turnaround prospects. I also like UIS, NOVL and AAPL for turnarounds based on current low prices only. And I'd be watching dogs SCNT and COMS simply because they've now fallen below cash in the bank value again. Don't own them yet though. This market is too volatile to just buy and hold unless you have plenty of cash to double up if need be.