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: Raptor who wrote (3716)	11/25/1998 5:04:00 PM
From: gc	Read Replies (1) of 4509

Raptor, wrt internet stocks, yes, they are high. But, how high is too high? That's the question. I can't answer that question. No one can. So you should not let valuation stand in your way. A year ago, I looked at yhoo. I decided then it was too high. A few weeks ago, I looked it again and then concluded the year-ago price was too cheap. I didn't want the history repeat itself. So I took a deep breath and jumped in. It's already up 40% since I bought it. Will it go up again in next 12 months? I say most likely it will. I've never seen a stock tank while its growth momentum continues. The key to what stocks to buy and when to buy it, I believe, is not valuation. Rather, the key is its growth momentum. gc

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