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Technology Stocks : Peritus Software Services (PTUS)

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To: stox19 who wrote (1514)7/22/1998 12:01:00 AM
From: Big Dog   of 1960
 
Excellent post by Long and Longer on Yahoo:

Alot of individual investors sold today to lock in a quick profit.
Twenty to Eighty five percent return within a two week time frame is not
bad by any standard of measure. It's only logical that some of these
individuals would want to cash in. In addition, Day Traders have entered
the stock scalping here and there.
The market may discount a 25 basis point rise in rates. Chairman
Greenspan did the unexpected today when he commented on market
valuations (stocks). He may be attempting to slow the market by talking
about raising rates as oppose to doing the actual deed. The next two
weeks will be interesting. I'm expecting a pull back in the overall
general market.
The direction PTUS takes is contingent on the conference call with
management expressing and the delivery of the quarterly result and the
stating the outlook going forward to Analysts. Allen Deary will need to
chose his words carefully. No expression of "disappointment" or "lack of
alliances" established for the quarter just completed. I also think the
issue of Outsourcing Services must be addressed in the context of future
growth. If management does this, the stock will soar on the expectation
of continuing strong growth.
Keep the Faith
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