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Pastimes : American Spirit is back! -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (13)	4/6/2002 5:31:35 PM
From: American Spirit	Respond to of 18

Anything can happen, but you fail to give PALM credit where credit is due. They just surprised the hell out of everyone with a lot of great news. And though you threw your old Palm unit away many people are buying the new ones, and they're #1 in the world by far in hand-helds. If the market cap of PALM is 2 billion now and PALM controls roughly half the world market, then that means the market values the entire hand-held market at 4 billion. That is incredible undervalued. Especially since PALM has no debt, is back in the green (so no burn rate) and has 300 million cash. As for filling gaps, if you believe there is a perfect science where stocks act a certain way because of some mathematical formula you are bound to be wrong much of the time. Maybe there are tendencies but no one can predict when and if. Otherwise a computer would be the best trader of all and people wouldn't even have to make decisions. It's all guesswork, all gambling and a lot of it's just luck. Constantly expert gurus totally disagree with each other. PALM has a new $11 target from one house and some shorts like you are still calling it a POS, which is a very amateurish term I might add. Only a company sliding into bankruptcy is a true POS. Everything else depends on the price it's being offered at vs. true value and likely potential. because people buy and sell and not machines, knowing when to buy and sell are just subjective gut decisions and depend on many personal factors. Normally it's tough for anyone to be right even 55% of the time. Similarly, actual performance of the companies, external news and world events, rumors, lawsuits, management changes, interest rates etc. mean a lot more than any technical theories. PALM happens to be one of the most undervalued tech stocks out there. If you can find a better one, name it. So I maintain if you think PALM is a POS at 3.50 then you think everything else is too, correct? Maybe excluding precious metals and oil? (both of which could cplummet on any positive world news) All good news is ignored, all valuation questions are dismissed, everything is just bleak and hopeless and shorting is the only way to make money? Or you have one of those low-ball targets you believe in which may or may not be realistic at all? Watch to see how the market reacts once Sharon starts pulling out and Colin Powell arrives. Unless there's more trouble (which is certainly possible), oil prices will ease, public sentiment will improve and investors will realize what bargains there are out there. War-time is a volatile time indeed but there are many fine opportunities out there on the long side CAUSED by the market pessimism. That said, I am not very long onm this market, only particular stocks. They have to be looked at on a case by case basis with the knowledge that accounting tricks are not going to prop up a stock price any longer. All this said, when PALM is rocking and rolling back up past where it was last week and beyond you'll see my point. Do some DD on the reports that came out post PALM earnings about ten days ago and you'll want to take back that POS statement.