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

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

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Oct 29 5:00 PM EST

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To: Intel Trader who wrote (1650)	7/28/1998 6:07:00 PM
From: Intel Trader	Read Replies (2) of 4509

So that you know my position, I am long PSFT as of today at 39. Here is an amateur technical analysis that I did, and I invite comments thereof: It appears that PeopleSoft may be oversold, with possible support at the low $37 per share area (possibly to 35, 32 30, and 27.); resistance levels at 39 (40 41 and 43 before a potential break out to 46, 48 and beyond). This is subject to market conditions remaining approximately where they are today over the short run (ie end of August). My near term target (this week) is a rebound in share price to 41. Regards to all, it

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