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 (3511)	11/13/1998 5:40:00 PM
From: V3	Read Replies (4) of 4509

"Knowing me I'd probably buy at the high." The price cycle for PSFT has been approximately three to four weeks. This means if today's closing price of this stock is the lowest for short-term, the price will most likely be at its short-term maximum in about 1 1/2 to 2 weeks from now(similar in principle to sine wave flunctuations). As to whether this stock will start to climb back up to 22 and above is a different matter. Weak support observed at around 22 and this broke today(or perhaps yesterday?) when NASDAQ and SP500 index didn't perform too well. Perhaps the PSFT short-term downward cycle compounded with slightly declining market index caused the 22 support to break. Can someone please tell me where the next support is at? I suspect at around low to mid 20. Robin

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