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 (805)	1/28/1998 3:42:00 PM
From: Satyr	Read Replies (1) of 940

Absolutely nothing was wrong with her analysis. Your fundamental approach said that PSFT should be going up yet you stood by and watched it slide from 39 1/2 to under 32. I know I made some money on the way down and although the last educated guess was wrong TA also got us long again yesterday at 33 1/2. I don't know anyone who catches the top and bottom so I'll be quite happy to take the 50% in the middle of all moves. I agree with Melissa that fundamentals are important but as she pointed out by the time you get the current changes in the fundamental picture the price has already changed. By then a good chartist would of already reversed. No one is right all the time but at least TA can give you a plan. RE I once saw an experiment with 3 respected Chartists asked to explain and predict the same chart - needless to say, 3 completely different interpretations and very comical I guess the same could be said for fundamentalists otherwise how could different analysts upgrade and downgrade the stock on the same day. No offense taken after all we all have the same goal just different ways of getting there.

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