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Technology Stocks : PEGA - Pegasystems
PEGA 58.32-2.1%12:53 PM EST
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To: Trader Dave who wrote (194)10/21/1997 1:35:00 PM
From: Czechsinthemail  Read Replies (1) of 504
 
TD,

I'm pretty much in agreement with you all the way. The combination of a high PE and very positive prospects makes companies like PEGA, VNTV and especially SEBL open to both half full and half empty perspectives, and the debate can sometimes result in overdone selling or irrational exuberance. Though I'm interested in the company primarily for the long term, I've done well trading some of the swings. But I've noticed that strong tendency for the swings to gravitate to higher levels, following the company's business success. I think it is one to hang onto at these prices and buy more if the price comes down again.

Baird
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