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Technology Stocks : SalesLogix (SLGX)
SLGX 0.04000.0%Jan 21 4:00 PM EST
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To: EenieMeenie who wrote (49)7/10/1999 3:02:00 PM
From: Wizard  Read Replies (1) of 81
 
>>This might be what the market is getting all excited about

I think this stock was just underpriced as it came public during a tough period when it appeared the ipo window might be nearing an end unless you have the venture community buzz. The buyside had the advantage, not the bankers as the stock came at 5x revenues and didn't gap up. They are early to market with a browser-based SFA solution and that is now being acknowledged by the market. Also, there is a major return to favor of small caps and the software industry as both have gone through very difficult periods and are re-emerging. The stock now has price momentum and the chart looks great, $25-30 looks like a lay-up if the market doesn't tank.
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