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Strategies & Market Trends : Position Trading Forum

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To: Nazbuster who wrote (2342)	9/27/1998 1:57:00 PM
From: Hardrocker	of 7247

Thanks for the great input on WND. Also, you asked the following question (post # 2349) regarding PSQL: I don't follow PSQL but took a look at the chart. PEEUWWW! Near the alltime low for the last few years. What happened on the 18th to cause the big drop? In a nutshell, the whole thing was a huge mistake. Ziff Davis apparently published an article regarding high salaries for software exec's. In addressing the CEO of Platinum (PSQL), a statement was made which one might have been led one to believe that he is resigning. This would have been an erroneous conclusion, because he is not. I also read that rumors started on the internet (where? Don't know) which whispered that PSQL would miss their earnings target. Also not true, but the stock suffered anyway. After the bloodbath, the company published a statement that they are in line with earnings estimates. I made some dough last week on Platinum's misfortunes, but I'll go out on a limb and pick them as my choice of the week. They still have some correcting to do, plus they might see a pre-earnings runup toward the end of the week. Best Regards, Hardrocker

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