Today's WSJ has an article on the new cell phone module which will be available starting next week. Take home message was potential market for marriage between PDA and cell phone is huge, and Handspring will be the only player for the time being. If the market holds, I believe HAND will be at 70 by November. Congrats to all longs! Shorts, I would cut bait and fish elsewhere.
I rarely short, though I do feel it is a legitimate trading technique. Never fall in love with a stock is one of my favorite proverbs. That being said, outside of the scenario you drew of going in and out over the course of a day or two, or a general market meltdown, I believe you are making a serious error in thinking that Handspring is becoming overvalued and will soon be under long term selling pressure. The announcement of the Visorphone was a seminal event (excellent second article in today's WSJ), and by today's standards a marketcap of 10 billion dollars, which Handspring is still under, is relatively cheap for a company with such tremendous growth prospects in a huge market. Good luck, I'll be interested in seeing how you do.
I can't give you a price..but I can give you the situation:
When the price is under tremendous sell pressure and volitivity abounds, I'll be sneaking in and out a few points at a time...short and cover...over and over...this stock will rovide me the day...I'll be parient since the rule for never catching a falling knife for longs applies the other way(never short while screaming up, only after the sell pressure from an obsene run begins).
I will post when I go in and when I sell--I'm not one to tell you after the fact--I'll be honest and tell you as my money goes in.
Alright, for only $300, I can replace my free phone with a new crappy one.
And on top of it, I can now play Donky Kong on my new $500 PDA instead of my $50 game boy.
Beware the pump, it brings the dump. Just look at the chart; everytime it over-spikes it's followed by significant dumpage. Maybe if HAND was actually turning a profit we could rejoice in additional profits. But try to remain objective when you see stuff like this.
Hey, I'm glad for the runup, but $50 is my limit for now. Too much too fast...
Yeah, right---they're a commodity company that's going to get stomped ny the big electronics players and the small ones alike. This link will help straighten you out on where HAND's competition is coming from: