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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Bob Rudd who wrote (15300)8/22/2002 4:43:09 PM
From: sjemmeri  Read Replies (1) | Respond to of 78673
 
Bob,
I tend to believe the briefing.com explanation below. I think the recent rally went far enough to encourage people to pump some money into these stocks to squeeze the shorts.
steve

14:15 ET HAND +16% and PALM +21% are latest penny stocks to find a bid :

11:20 ET Momentum Watch : Yesterday we commented on the return of speculators to penny stocks. Highlighted yesterday were ERICY (up another 24% today), NT (+11% today), ITWO (unch today), OPWV (+7.5% today), and BRW (+24.7% today). Notable gainers today include LGTO (+19%), MXT (+20%), TMPW (+20%), CCI (+16%), PWR (+15%), GLW (+14.5%), LU (+13%), ELN (+6%).



To: Bob Rudd who wrote (15300)8/28/2002 10:06:16 AM
From: Bob Rudd  Read Replies (1) | Respond to of 78673
 
PALM: Back in today at .824...most of the speculative spike has retraced...Original thesis of value of dominance in handheld market being cheaper to buy than build leads to a take out holds.