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: Satyr who wrote (711)	1/13/1998 10:30:00 AM
From: Melissa McAuliffe	Read Replies (1) of 940

Satyr, If you have been following PSFT for a while (which I don't know)you will notice that this stock's movement (and I am talking about big moves,not a point or two)does not typically follow the market movements on a day by day basis. I am obviously excluding those meltdown days where everything is down. I used to expect PSFT to go up and down regularly with the markets. Just not the way it works. I have learned through experience that if you believe in the company and its future performance then it is sometimes easier to just sit back and let it go through its ups and downs. When it starts to move up you will know it. It won't be because it opend up 1/2 or 3/4 and then moves back down. I am a relative neophyte with respect to TA but the short term chart isn't looking too good. It could go lower before it goes higher. I still believe we will see 40 sometime before earnings. But not in the next day or two. Melissa

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