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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: Raptor who wrote (913)2/4/1998 2:11:00 PM
From: Rick  Read Replies (1) of 940
 
I want to reiterate Raptor's point about the pullback to 31 being a buying opportunity.

This pullback was basically due to the Asia implosion. If you want to use a better number for your analysis, I would discount the asia nerves and use 35. Now, of course we could have an external event, more asia jitters or whatever bring the price down but that's not predictible.

On its own merits, I think the stock is currently undervalued.
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