PSFT - Fiscal 1998 - Discussion for the next year 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 : PSFT - Fiscal 1998 - Discussion for the next year

PSFT 0.0001000

0.0%

Oct 29 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AlienTech who wrote (3728)	11/28/1998 7:52:00 AM
From: Elmer	Read Replies (2) of 4509

Consider that there are many individual and institutional investors that currently have an interest in owning PSFT's stock due to its recent decline (call them bottom fishers anonymous). Many of them may be silently reading these posts. They don't want to commit to a purchase until the stock starts moving up. A few may have purchased when the stock got up to $25 or $26/sh before earnings and are thinking they got suckered in. A friend told me that the market frustrates most of the people most of the time. Now, what can happen to make sure that most of the fence sitters don't benefit from any PSFT recovery? That's easy. The stock needs to make most of its upward move in a very short period of time, maybe three or four trading days. If the stock moves quickly, only the long suffering will benefit. That 's what I think will happen. And in the mean time, we will have to grin and bare it. A couple of things are working in our favor as we approach the end of the quarter. The first is the end of window dressing season. In my November 24 post, I mentioned that only four of twenty analysts covering the stock have a positive rating. So with every passing day, the weak institutional hands are being replaced by strong hands. On December 31st, every institutional owner of the stock will feel strongly enough about the stock's potential to show it on a list of holdings sent out to its fund investors. Also, the tax sellers will be gone. Remember, this stock is one of the quarter's poorest price performers even though the company hasn't yet had an earnings disappointments. So, it may not be a merry Christmas for the longs, but new years should be a different story. Regards David

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next