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: Raptor who wrote (1964)	8/28/1998 12:10:00 PM
From: Melissa McAuliffe	Read Replies (4) of 4509

Well, I'm on a roll today. I just sent cnbc an awful e-mail about something they reported today. I just sent Jim Cramer at the street.com an e-mail about this statement from his aol chat last night. >>Question: jim, whats your feeling on peoplesoft at this level? this is a well run company and has been a super performer in the recent past,also earnings were not perceived as negative but it has been pounded. TSCNYjjc: I am short Peoplesoft. This stock cant get out of its own way and I think has 25 written all over it. I know the company is great but that does not nmean that the stock works here because it is not. Everybody is still long it and it reminds me of the way Parametric acted before the blow up. What a jerk. I know he doesn't like psft because he's said so before on cnbc. But what an irresponsible statement....The problem I have with him particularly on ERP stocks is that I don't think he understands anything about this sector. Actually I think there are many who don't. Even though many people don't like him, his opinions unfortunately carry some weight. So if the uninformed investor was out there looking for short candidates today and happened to listen to him last night guess psft looks good to them. But why would anyone want to short psft right now for a measly 3-4 pt. gain when it could just as easily go the other way. Melissa Melissa

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