PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: Tim Waldron who wrote (353)	3/30/1998 3:03:00 PM
From: Chuzzlewit	Read Replies (1) of 4509

Tim, I understand and sympathize with your concern. The P/E for the stock is high and the stock is too expensive. But you know what? The stock has always been too high (for years running!). I think if you try to time this stock you could very well talk yourself out of buying into the skyrocket we know as PSFT. I've bought several times over the years and am not disappointed in the company's performance. Sometimes it works the other way. People come on and figure they'll make themselves a quick couple of points and leave. They have talked themselves out of huge profits. A few months age there was a big debate arounf whether to buy at about $27.50 , or to wait for the stock to drop to $26. It sounds crazy in retrospect, but your concerns have been voiced ever since I've been on this thread. I bought some PSFT a year ago and so far those shares are a three bagger. I bought before then, but I won't tell you what those are doing <VBG!!!>. I also bought a few weeks ago at around 43. Regards, and good luck! Paul

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