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Technology Stocks : Remedy Taking a hit why?
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To: Box-By-The-Riviera™ who wrote (440)1/15/1998 7:32:00 PM
From: Clam Clam  Read Replies (2) of 763
 
First, I agree that RMDY is oversold and best of breed. The problem is that just because something is best of breed doesn't mean it sells. Remedy is a one-trick pony (help-desk) and one-trick software ponies very rarely sustain $1billion+ valuations.

If you are waiting for RMDY's numbers to come in great, you will be waiting for a long time. The stock would not have reacted like it did if it weren't sales related.

Remedy is stuck b/w $15 and $25 for a while, IMVHO.
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