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: Susan Saline who wrote (3356)	10/30/1998 10:36:00 AM
From: V3	Read Replies (4) of 4509

I need some assistance. Would anyone care to help? PSFT is currently experiencing resistance at 22. About couple of days ago, I predicted that this stock would slowly rise to 24~25 range and drop rapidly down to 20ish and start this cycle again until the next earnings. I don't see much excitement to this stock as long as the 22 resistance holds. What I need to know are the followings: 1. Is somebody shorting the heck out of this stock at around 22? 2. DOW and NASDAQ (but not sure about S&P500) have been rising for the past few days and PSFT usually follows the general market(at least that's the pattern I've observed over the years.) Is there a way for somebody to determine the relative strength of this resistance at this level? I suspect the 22 resistance level isn't very strong and can be easily broken but I would like a confirmation from someone. Thank you. gotta go. bye. Robin

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