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 3:20:00 PM
From: LLCoolG	Read Replies (1) of 4509

Paul, The money they will lose will be several times smaller than the money they make my in-the money puts and expiring calls. And I would not term it as actively causing a price depression in the stock. On NASDAQ, it is very, very simple. The bidders just get out of the way, and hope that people panic and sell. Yes, stop orders are some of it, but people get sick of a stock not gaining, and they say, screw this, I'm out. That happens a lot more than you think, especially when people see stocks like DELL nd AOL just keep ringing up gains, while PSFT dries up. Greedy people see the short-term opportunity costs as a reason to trade out of stagnant stocks. This is a routine occurrence, and a passive activity--just like your beloved short squeezes. Regards, G

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