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

To: bosquedog who wrote (51964)	6/4/2001 5:40:38 PM
From: American Spirit	Respond to of 57584

Don't take Maverick and I seriously. He always attacks me and calls me dumb so I pop him back with tongue firmly in cheek. I used to take him seriously/personally but no more. I take everything he posts to me with a big grain of salt. He's just a pissed Republican whose boy just lost the Senate for doing exactly what I have complained about. Mav's more credible when he posts to anyone else I'm sure. As for PALM I'm only up 20% from last week's buy, 25% at one point today but 35% should be in the cards if we can get past the INTC report relatively unscathed. It was just a great bottom-pickers buy of an undervalued dog last week. Longterm great potential but I'm strictly playing it for a 45% move from 5.5 to 7.5 if I can get it. Takeover rumors may be the key. It's a juicy target. But hey it was at 10 last month and 20 a few months back so maybe we don't even need takeovers. Their new 500 series is kicking ass even in a gloomy retailing climate for hardware. I like PALM and AAPl to out-perform in that arena. Today's bottom buy was SCNT at 1.01 which if it continues holding $1 will be good for a nice gain on the next OK news or rally. $1.25 should be easy. They have 2X cash to market cap so who's going to sell but a numbskull? I have reliable info that they're actively pursuing a takeover from HWP or IBM and have at least some interest. It's also clear they will survive unlike others in their sector (which they have fallen in sympathy with). They have projected a profit by year's end due to slashed burn rate. But the market doesn't believe it yet or just isn't paying attention. Before you scoff, remember that if you bought CMGI at $1.50 you tripled or quadrupled within 6 weeks. LOR I already ran a double on and it will get more. LU was a double from 5.5 to 11 and could do 50% again. NOVL could also be good for 50%. All dogs with cash or assets making them value stocks at these prices, esp on sell-off dips. And every dog has its day every so often or in waves. In the meantime as a hedge I'm 30% in oil stocks and am holding those. Like P and UCL as undervalued in the sector.