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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: Lizzie Tudor who wrote (2010)8/31/1998 5:01:00 PM
From: Tom_  Read Replies (1) of 4509
 
Golly...

My take on why it stayed up.

The last five days:

DOWN 6 teenths.
DOWN 13 teenths.
DOWN Two and 3 teenths.
DOWN One and 6 teenths.
DOWN Three.

Down 50% from its high, at the open today.

48 PE, per Yahoo.
51 Trailing PE, per Baseline.
37 Forward PE, per Baseline.
AND
60 % PSFT estimated annual growth rate.

If there ever was a demonstration of why to buy value, I think it was PSFT today.

JMO.

Tom
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