Raptor,
So I take it that you completely dismiss the idea that PSFT held their conference call to attempt to show Goldman and Morgan that they could, in fact, control their own stock price and stem their bleeding? When they had a small, unimpressive bump from this unprecedented event, Goldman and Morgan gave up, pummeling this stock before the rest of the market got ripped less than a week later. I think even if the market stayed at 8100/1650, PSFT would have still gone to 20 without Morgan and Goldman. I also think that if the stock went back above 40 after that conference call, that Morgan and Goldman would have stayed in, and we'd be back to 50 before earnings at some point.
How is the stock going to come back, by regaining its momentum or purely by fundamentals? I am not arguing that long term that PSFT may have a larger than the general market return of 10-12% per annum, but history clearly shows that when momentum stocks like this lose it, whether they have strong fundamentals or not, it takes quite a while to return.
And one more question for you, since you seem to have a contact within PSFT--didn't they "highly encourage" employees to buy before last quarter's results? Why is now any different?
Regards,
G |
