Can Palm (PALM) bottom here? Next week is initiation week, and it would seem that this stock has already seen its fill of decline.

I am conscious that people really swear by their Palms, but this stock has about the worst combination of bad holders, from people who paid $160 to Eric Benhamou, the value destroyer, himself.

What do you think?

Matt "Palm of My Hand" Jacobs

says it's a go here. Me, I am scared to death. I put it to you, the readers:

Does Palm bottom here?

Random musings:

Standard

Lucent

(LU)

preannouncement rumor running around. I think it is false, but I can't pull the trigger, especially with

Todd Harrison

, our trader, heading west for a nuclear physicists conference.

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corrected graf: James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Palm. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.

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