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Technology Stocks : PEGA - Pegasystems
PEGA 59.12+0.3%3:59 PM EST
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To: Adelantado who wrote (114)7/31/1997 11:10:00 PM
From: Bill Harmond   of 504
 
>>Seems to me that I should buy as much as I possible can afford at 26

I don't think we'll get a chance at 26 unless the market corrects from the current level. The 50-day is at 30 and the 200-day is at 29.

Bond yields traded and closed below December's lows today.

The fundamental news for both the market and Pegasystems is very good and there was heavy bidding this afternoon right below 32. For a short while the spread was only 1/16 (31.69b/31.75a, up from 31.25b/31.75a), right before it moved up to close above 32.
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