PSFT - 1997 Outlook [closed thread] Message Board

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Technology Stocks : PSFT - 1997 Outlook [closed thread]

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Oct 29 5:00 PM EST

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To: Robert Graham who wrote (279)	9/4/1997 3:41:00 PM
From: Chuzzlewit	of 940

Robert, thanks for reminding me about my age (:-(> I don't like to keep tripping over my beard. I don't think we're seeing the beginning of a short squeeze. Maybe if the stock hits $65 or so. As you have probably guessed from my posts to Melissa, I'm no fan of TA, so I'll let your comments on that pass. I do believe that the recent move upward in the stock was inspired by some excellent news and some very favorable analysts' comments, including a very nice one from Lehman. I've always been wary of trading naked options because it's a zero sum game and IMO options are best used as a hedging strategy for a stock that's had a significant runup. I agree that we are likely to see tremendous volatility tomorrow, but since my investment style is long-term, I tend to ignore that kind of thing. I focus on the underlying growth story, and sell only when I see that stroy beginning to erode. Regards, and good luck with your options trading, Paul

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