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Technology Stocks : PSFT - 1997 Outlook [closed thread]
PSFT 0.00010000.0%Oct 29 5:00 PM EST

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To: Tom Smith who wrote (794)1/27/1998 5:18:00 PM
From: Rick  Read Replies (1) of 940
 
Tom -

I think you are right about the SAP announcement providing some relief. Basically, there have been alot of nerves about Asia, Clinton, Technology, and the General Stock Market valuation. During this time there has been very little news from SAP, PSFT, or BAANF and some bad news from ORCL (an ERP wannabe now that its database business is weakening). Hopefully BAAN's numbers will provide more relief and then we can reach a crescendo of relief on PSFT's numbers.

Satyr -

No offense on calling TA Voodoo. I do think that TA has some merit, but if you don't combine it with an understanding of the companies you're trading on, I think its very risky.

I think the reason you have done well and will probably continue to do well trading PSFT is that it is a very volatile stock that is on a sustained uptrend. So, as long as you buy into the idea that the uptrend is intact you can make alot of money trading the ups and downs.

Cheers. Rick.
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