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Technology Stocks : Peritus Software Services (PTUS)

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To: JOHN CHEN who wrote (318)8/14/1997 8:41:00 PM
From: Hoatzin   of 1960
 
JOHN, I guess my point was that IMHO PTUS is quite disconnected from the overall market. The cause of the recent rebound was apparently an external event, a recommendation by a brokerage house. There are probably many other unseen forces on the stock price at the moment, given the recent IPO. Some lucky Montgomery customer decides he will buy that big yacht this year after all, and sells without caring about the price. Down we go. Some fund manager who didn't get in on the IPO decides he really has to have PTUS, up we go. Some retired software guru in the desert decides he's going to take a position, and ... down we go! . (Joke for TED, I'm also under water here, but "it's only money".)

Good luck!

Kevin
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