PSFT - A new high. Should we expect more? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PSFT - A new high. Should we expect more?

PSFT 0.0001000

0.0%

Oct 29 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chuzzlewit who wrote (335)	5/6/1997 3:06:00 AM
From: peoplepal	of 419

Well done mate. $34 is the best price this stock has been available at in recent years. You've made almost 50%. That's the kind of start I got 3 years ago and so it makes it that much easier to sit out the dips. I also persuaded a few people to invest at this price - they're sure glad they did. I've been tempted to sell several times in the last few years. Sure I could've made some quick bucks - but equally well I could've found myself buying back the stock at a higher price than I would have sold for. I know a few guys who have missed out BIG time because they went for the quick buck and got the timing totally wrong. I suspect that should you decide to hold that you're more likely to see a stocksplit rather than see the mid $30's again. Two provisos - there's no stockmarket crash and the big boys don't start playing games again with this stock. Congratulations to anyone who saw this correction coming but it was a small window of opportunity - just look where the stock is headed now - right back to where it was. I also welcome the recent comments from PeopleSoft regarding their forward looking statements. Agreed we've yet to see how accurate they are but at least it limits the amount of damage / speculation / doubt that the market manipulators can inflict on this stock. I'm all for seeing it trade at a realistic price - the recent wild fluctuations do nothing for confidence. I know that the CEO is all for a steady increase in the stock price - reflecting the growth of the company and I guess this is the main reason behind the recent PeopleSoft press releases.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next