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: Melissa McAuliffe who wrote (411)	4/8/1998 4:59:00 PM
From: Chuzzlewit	Read Replies (2) of 4509

Melissa, sometimes yes, sometimes no. In all seriousness (if you can believe that!) here's what I think. Different stocks get to be the playthings of momentum investors for awhile. The stock moves up at an incredible clip, and then plummets at an incredible clip. It's like musical chairs, with the last one standing is the loser. I view it as meaningless noise. Look at LU as an example. The problem, as in musical chairs, is that you never know where the stock will be when the mo-mo guys get out. I would also point out that every one of my programming stocks (HBOC, NETA) is getting pummeled. Regards, Paul

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