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Technology Stocks : Portal Software, Inc. (PRSF)

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To: Geoff Altman who wrote (184)4/30/2001 2:35:03 PM
From: TraderXx  Read Replies (1) of 318
 
Geoff...I've just recently bought shares in PRSF and its seems like it has alot of potential. However I tend to pick companies more from a technical analysis point of view rather than from a pure fundamental basis. Just from looking at the charts PRSF is caught in a trading range from support at $8 to resistance at $10.60 ( next resistance at $15) and seems like it is having trouble breaking that resistance. But one thing that has helped me in the past is try and find stocks like PRSF which are basing and consolidating for a bit, while waiting for that break. From recent news it seems like PRSF is on its way to recapture confidence in its execution with new deals etc.. At this point I feel PRSF has excellent potential to move upward to as far as the $15 area due to a possible earnings play with earnings coming out on the 17th. Lets hope it continues.

Good Luck,

TraderXx
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