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Technology Stocks : Recent Peoplesoft Weakness (72 1/2 to 66)
PSFT 0.00010000.0%Oct 29 5:00 PM EST

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To: Clay Cunningham who wrote (64)12/12/1996 1:06:00 AM
From: John Goode   of 116
 
$40 in 1993??? I'm not sure where you get your information, but on a post-split basis, PSFT traded somewhere between 2 and 5 in 1993. It might have been in the $40 range back then, but since then there have been many splits..

While the company may appear somewhat overvalued right now, I suspect that the next year or so will be extremely good. How the stock performs kinda depends on the overall market now.

I personally don't own any, but I sure woulnd't short it.
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