PEGA - Pegasystems Message Board

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Technology Stocks : PEGA - Pegasystems

PEGA 57.94

-2.6%

Jan 9 9:30 AM EST

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To: Ron Kory who wrote (24)	4/7/1997 2:43:00 PM
From: Ross	of 504

Hello Ron! You may be correct about the sharp drop in this stock but we have only retraced approximately 3/8ths of the total move down.. This is only a "correction" in an otherwise bearish trend. Unless PEGA can show more interest above the most recent high ($26 7/8) it would lead me to believe that we will see a test of the past low (around $20.00) and good chance of approx. $16.00... Did you ever come out with a profit on FITB? I covered my short positions on Friday. I will not disclose my profits but the puts I purchased were up approx. 400%... :):) Good trading.. Ross

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