Systemsoft superior to Phoenix Technologies Message Board

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Technology Stocks : Systemsoft superior to Phoenix Technologies

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To: noronha who wrote (7)	10/2/1996 9:15:00 AM
From: Tim Oliver	of 26

You need to look at the BIG picture. This stock was only $7 a share in March. Based on volume, it looks like many people got in around the low $20s. Also, you have the 50% retracement just a few months ago. But the stock did shoot back to new highs. How low can this stock go? Maybe as low as $18 on another normal 50% retracement? Maybe into the low $20s? Who knows. Don't you think Angelo would let everyone know at the same time if one of the OEM deals was going sour? Would Andy Grove let this stock go down? I think that since the stock was one of the best performers in the last quarter for many fund managers that they held on until the new quarter started (window dressing) and lightened their positions a little. There's a good chance that SYSF will stay in the 30s and maybe trade up from here today. If you bought after everyone else did in the low 20s or lower, you might consider cutting back a little if you'd take a big loss if the stock starts dropping below $30. Remember, many people bought at $7, so even $21 is not a big deal to them (still 3 times their money).

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