Recent Peoplesoft Weakness (72 1/2 to 66) Message Board

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Technology Stocks : Recent Peoplesoft Weakness (72 1/2 to 66)

PSFT 0.0001000

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Oct 29 5:00 PM EST

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To: Clay Cunningham who wrote (57)	12/12/1996 6:35:00 PM
From: Joe See	of 116

Clay, Your point is well taken. The tax selling I was referring to was Quarterly estimated taxes due on the large profits that were made on this market & this stock, (due Jan.15). It is extremely overvalued, but it has been all year. I'm still expecting a big dip any day now, (still sticking to $40 range). I also see a rise to $55-60 in late January. Price is determined by the investors. As long as this stock acts strong with streaks of weakness, I'll invest. We differ on PSFT being a second rate anything. I view them as very innovative and their products & staff as superior. Hopefully we could agree to dis-agree. Best Regards

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