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Technology Stocks : Peritus Software Services (PTUS)

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To: Big Dog who wrote (1541)7/24/1998 10:10:00 PM
From: Jim Brown  Read Replies (1) of 1960
 
I'm Curious about Montgomery's rating

Thay were the one's who 'appraised the company's value' at $10-12 Last year this time (when I was still there) and worked the IPO through the mid-high 20's while maintaining a Strong Buy. What's with that ???
I know the principals in this one and they are are straight shooters.
They're not the crooks, but I'm starting to wonder about Montgomery. I don't know of any healthy services company selling at 1-1.5X revenue. That's what's got me skunked. And Peritus is healthier than many(what I've done for 20+ yrs.). I've stayed away from the market for a number of years, having my options banked then sold by the in-house MM. This dip shows me maybe I should have stayed out. Market understanding had no meaning. It's market perception and real-time reaction that seems to count now!
It'll be tough to sway me on believing this is not a med term winner, but I had expected a short term(<3 mo) double this time around. I was buying while there at 18-10-6 and recently achieved averaging down to less than 7. I'll stick for the long haul, but I would have liked to be able to trade a bit more.....Not against....
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