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: Chuzzlewit who wrote (1826)	8/20/1998 2:18:00 PM
From: RetiredNow	Read Replies (1) of 4509

Chuzzlewit, good logical analysis. What you said is what I've been thinking, I just didn't put it so eloquently. My problem with the whole idea that MM's can manipulate stocks is that it just doesn't seem to be in their best interest. The risk is just too great that they will lose their shirts. I asked a friend of mine who was with the CBOE and he said, exactly as you said, that the only time you'll see manipulation is when there is collusion of some sort. Otherwise, the momentum can bancrupt a MM before they even realize it's happening. I guess it comforts some people to believe that the world is against you when things aren't going your way. My personal response on a stock like PSFT, is simply to buy more. I'm sitting on a loss right now, but a year from now, it will be an unrealized gain. Patience is the forgotten virtue. Good luck investing. I always enjoy your posts.

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