PSFT - 1997 Outlook [closed thread] Message Board

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Technology Stocks : PSFT - 1997 Outlook [closed thread]

PSFT 0.0001000

0.0%

Oct 29 5:00 PM EST

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To: Sonki who wrote (490)	10/30/1997 11:57:00 PM
From: chijow shein	Read Replies (2) of 940

Hi Sonki, If you are a long term investor, you should wait till this market correction is over. On the other hand, if you are a short term trader, you can buy it now. But don't stay too long. Look at the chart, PSFT is in uptrend. Speaking of PSFT's high PE, PSFT is really expensive. It's impossible to evaluate the risk by comparing the price with the PE. Although PSFT has very good growth rate, it's still a big risk to buy it at current price. Unless you are sure that PSFT will beat street estimate again. Unfornately, we don't have the crystal ball. If you know ASND recent performance, you will understand how a high flyer got knocked down for just one bad quarter. Best regards. chijow PS: Use chart to determine when to get in and out.

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