Peritus Software Services (PTUS) Message Board

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Technology Stocks : Peritus Software Services (PTUS)

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To: Mark who wrote (1438)	7/8/1998 8:19:00 PM
From: kvogel	Read Replies (2) of 1960

Mark, It was a broken trade. It got cancelled out and changed to 20,000 shares at 5 1/2. Some caution notes I posted on Yahoo. I'm just as happy with today as you but still have some concerns. PTUS is an easy stock to manipulate (SEEC was up over a point on huge volume the day before it tanked) so be careful for several days til we see if the uptrend holds. I wouldn't buy on margin until PTUS clears 6 3/8 since that will wipe out much resistance. It's easy for MM's to move PTUS below 5 for a few days triggering margin calls. As I stated earlier, it looks like a good quarter and info is leaked by employees before the release. This would move the stock in advance. I think this is starting to happen. Near the close I saw some large bids - 10,000 shs - so someone wants this stock. It looks very positive but the move won't be confirmed until we see some follow-through. The stock has a great base so I believe this is the real thing and not a vehicle for MM's and their clients to unload stock. Not negative, very positive but want some confirmation. Karl

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