PEGA - Pegasystems Message Board

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Technology Stocks : PEGA - Pegasystems

PEGA 63.57

+0.3%

Oct 30 3:59 PM EDT

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To: Rob Preuss who wrote (461)	1/4/1999 8:58:00 PM
From: Carlsay	Read Replies (3) of 504

PEGAE gapped up and held up on the whole day long with thin volume. This implies a very bullish sign on PEGAE. First, it means that current PEGAE holders are the true believers of PEGASYSTEM and they will hold firmly until PEGAE returns to $9-10 level which is the lowest level on the day PEGA issued news saying that its revenue would be adjusted according to new policy. We should be at least return to that level before or after the final news out. Second, there are huge short position on PEGAE. 90% of short position will be covered during these days. Based on current volume, it will last at least 10 trading days (current shrot position=744,437). Third, January effect on small CAPs are generally bullish in the past. Most institutions will add their investments on these growing companies like PEGAE. (There is no doubt that PEGA SYSTEM is a growing company whatever its revenue needs to be adjusted.) For me, I have a similar experience on holding a turnover company. I once held DWRX at 6-7 and then it went deeply and finally it climbed up to more than $9 when I sold. Now DWRX is around $11. (1 DWRX=0.791PSQL=0.79113.3). PEGAE is very much in my projective expectation. Happy investing!

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