Phoenix Technologies (PTEC) Message Board

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Technology Stocks : Phoenix Technologies (PTEC)

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To: Marc Phelan who wrote (3311)	5/13/1999 1:53:00 AM
From: Stu Bishop	of 3624

Marc, re: "From a chart aspect if we break the 9 1/2 the next stop would be 12. Do you concur?" Definitely. And if we can just get the 200 DMA to turn up, that will confirm a new long term uptrend is in place. Funny you mention 12; that's the current fair value I put on PTEC using a P/E of 20 and earnings somewhere between the FY99 estimate of $0.55 and the FY00 estimate of $0.79, give or take a few pennies. You wouldn't believe how close I came to selling this at $8.50 last month. I put in a good-till-cancelled order, but the day I put it in the stock traded just under $8.50. The fact it didn't sell immediately gave me another day to think about it, and I cancelled the order. I thought we were in a subtle uptrend that began in mid October, but were seeing strong resistance at the 200 DMA. I was frustrated and wanted the cash to put elsewhere. Glad I hung in there. Thank goodness my limit order didn't go that day. There's a song (Garth Brooks, I think) that goes "some of God's best deeds are unanswered prayers. Thank God for unanswered prayers." Best of luck to us all, Stu B

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