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 (847)	2/2/1998 6:00:00 PM
From: Melissa McAuliffe	Read Replies (2) of 940

Rick, I hate to rain on this parade but it is common for a stock to do exactly the opposite of what the options would indicate will happen. This is because most options players (especially those buying calls today) are simply gambling and most of them lose their money. Then there are the people who bought these options when they were much less expensive (like me, e.g.). I sold mine today at 3 3/4 and feel fine about it since I made a profit and I don't want to risk it all by playing the earnings game. Maybe I left some money on the table (probably did) but as they say.."a bird in the hand...". Also, this stock is very volatile so I would be very surprised to see it move into the 40's and stay there. Just look at the history. Not to say it won't be in the 40's one day and stay there but IMHO, I don't think it will be this month. This stock can easily move 20% within a month both up and down. Then again I could be totally wrong here but I don't think so. This assumes that the earnings are either .15 or .16. If they are higher then who knows what will happen. Also depends on whether this market continues. Melissa

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