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: LLCoolG who wrote (2738)	10/15/1998 1:50:00 PM
From: Elmer	Read Replies (1) of 4509

Hi G, Last night I mentioned the Remedy downgrade and how the intermediate damage was done at the opening after earnings. Orcale also had a similar situation last December. Shurland downgraded the stock on December 1. It dropped about 10%. A little over one week later they reported earnings and the stock gapped from about $32 to $23. Five weeks later it hit an intermediate term low of $18 and started a recovery to $32 over the next three months. It has declined from $32 ever since. Given the size of the PSFT decline on the downgrades and the overall decline from the high, we might get a 10% or 20% further decline on a bad earnings report but after that it should, at least short term, give us a bounce. David

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