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: Lizzie Tudor who wrote (2781)	10/16/1998 2:32:00 PM
From: Chuzzlewit	Read Replies (2) of 4509

Michelle, I've said it before and I'll say it again. Timing the market is a loser's game. I think you are playing with fire. [And since we both care about whales, I care about you!]. Just look at how rapidly sentiment has swung in just the last couple of weeks. We went from a state of shell shock as PeopleSoft spiraled down to the high teens to a state of resignation about potentially lower earnings to some euphoria today -- All on NO NEWS!!! This truly amazes me. The worst case scenario is that some projects will be deferred, and that will make business explosive a year from now. I think this is really a microcosm of the market as a whole. BTW, I just heard a teaser on the news suggesting that Asian problems seem to be diminishing. If so, and if fears of a domestic recession subside then the market could explode in the next month or two. TTFN, CTC

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