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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST
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To: LLCoolG who wrote (1824)8/20/1998 11:43:00 AM
From: Melissa McAuliffe  Read Replies (2) of 4509
 
G, >>they will lose a lot more money if the stock goes to 40 than if it stays around 35.<<

I'm confused about this. Wouldn't this depend on what type of options they hold? And how can one know this? Isn't it also true that historically stocks rise during options expirations week?

I'm not questioning the validity of your statements,btw just trying to get a better understanding.

With respect to psft hitting 40 next week....hope you're right. I really didn't expect to see psft below 34 and yet today it's already been as low as 33 1/8. My thoughts are that we may see 32 before 40. I guess it all depends on when some big institutions finally jump on this stock and decide it's low enough or until the ERP software sector comes back into favor or whatever else it's going to take.
Melissa
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