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: Melissa McAuliffe who wrote (2747)	10/15/1998 11:49:00 AM
From: gc	Read Replies (1) of 4509

SEBL is indeed down in an up market after good earning report. As in the case of PSFT, it is way down from its high before the earning. This is why I think PSFT's earning is immaterial at this point. It's going down after earning with or without good earning! As for manipulation by big players, it happens from time to time. You need to learn to live with it or even to take advantage of it. However, I don't think it is happening here with PSFT. The concern is legitimate with PSFT's growth prospect. The stock will not have visibility until mid-1999. Even after that, PSFT will never enjoy PE of more than 50. In the short term, the stock is more likely to go down than go up.

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