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

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

PSFT 0.0001000

0.0%

Oct 29 5:00 PM EST

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To: Melissa McAuliffe who wrote (1573)	7/22/1998 3:14:00 PM
From: GJD	Read Replies (1) of 4509

PSFT estimates for 12/98 is 0.65 and for 12/99 are 0.92. Mgmt. has not guided the street higher for next year. When pe is 75 and growth is slowing to 40-50% area, the stock will remain in a trading range for a while. I'm just wondering why SAP and BAANF do not get punished as badly when PSFT financials are actually better. The momentum minded market might look away from PSFT for the time being. I am still long and holding. 200 day line is at 41 1/2 area, and the stock is forming a Hammer formation in Candlesticks which is bullish short term.

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