Premiere Technologies (PTEK) Message Board

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Technology Stocks : Premiere Technologies (PTEK)

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To: Ally who wrote (341)	5/12/1998 4:05:00 PM
From: papi riqui	Read Replies (3) of 1270

Don't mean to throw cold water on all the PTEK enthusiasm (I can't find anything wrong with it either), but the analyst "gift" comment calls to mind a comment made a few years ago by an analyst regarding Discovery Zone, then trading at about $10 (down from around $20). He said "back the truck up to this one and buy all you can". I visited the DZ with my kids and frankly could not see what all the hype was about, so I passed on the buy. Thank god- a year or so later the company was in Chapter 11! When a company pulls back like PTEK has for no apparent good reason, there often is a very good reason for the pullback; not always, but often. Doesn't mean I wouldn't buy it around here-I may do so soon-but not before I have a better sense of what is going on here. In the meantime, be wary of "gifts", especially those so ordained by analysts whose motives are not disclosed.

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