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

To: Win-Lose-Draw who wrote (5224)	6/27/2001 12:25:27 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 6784

WLD: I suspect the very recent price action has already told us, nice little run last week and now fading on announcement day. My WAG is tomorrow morning will bring a fresh buying opportunity. Head fake rally because Q4 wasn't even worse than the second warning, and so back to $4 and change? Or, OK the worst is over, more upside than down side now, so get in while it's cheap? Haven't listened to the CC yet, but my seat of the pants guess (as I said before) is that we may have seen the worst. OTOH, I can't say I'm encouraged by the evaporation of $(half a billion) in cash, good job they got the IPO off at $38 last year or they'd be in even worse trouble. Palm has a long way to go and a lot to prove and I think they'll make it, but even if they falter again I think there'd be a buyer ready to pick up what's left for at least a small premium over the present price. Haven't jumped back in yet, but another $2 up and we'll be close to where I dumped some on the way down. Think I'll wait a day or two and see if we revisit the $4-$5 level again, or if this upward move holds. Plus we have the wise old men of the Fed again mulling the destruction they helped precipitate over the last 10 months, so prudence dictates a cautious wait-and-see approach. David T.