Phoenix Technologies (PTEC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Phoenix Technologies (PTEC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Marc Phelan who wrote (2848)	10/23/1998 6:15:00 PM
From: Fred Fahmy	Read Replies (1) of 3624

Marc, <I am happy to report that you were wrong! <grin>> I must say that I am surprised it held up so well. Perhaps we are seeing a true bottom forming and perhaps book value will maintain support. For better or worse, I put my emotions aside today and let my long term fundamental perspective take over. In other words, I haven't unloaded yet. Fortunately, by break even point is only 8. It continues to appear that the stock is being accumulated. I must say, though, that if I get back in the black I will have to reconsider my position. I still am very very suspect of this management team....you could even say flatly...I still don't trust them. I will load up on PTEC and take a major position the day I see PTEC buying back their own stock in a meaningful way. They are always talking about it, but it never seems to happen. Is there any reason that any one should view PTEC as a good investment if PTEC doesn't see it that way themselves. Lots of cash, no debt, and apparently no confidence in their own stock. Execuse me if I seem cynical but management has given me every reason to be. FF

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next