PSFT - 1997 Outlook [closed thread] Message Board

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Technology Stocks : PSFT - 1997 Outlook [closed thread]

PSFT 0.0001000

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Oct 29 5:00 PM EST

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To: Rick who wrote (779)	1/26/1998 9:15:00 PM
From: Satyr	Read Replies (2) of 940

As a long term trader your right. Howerver I am a short term trader and a chartist and for me the trend is established and down. If it breaks 30 the last bullish trendline will be penetrated. Also as you know in this market companies that do disappoint can be severely punished. At current PE and in this market climate PSFT could just as easily wind up at 15 or 20 after earnings before it resumes an upward trend. Good luck to you and may your scenario be the right one.

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