Progress Software Message Board

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Technology Stocks : Progress Software

PRGS 42.27

+0.7%

3:59 PM EST

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To: zx who wrote (226)	12/3/1998 11:49:00 AM
From: Thomas Mercer-Hursh	Read Replies (2) of 296

What makes you think it will break out. This stock has been a real snoozer since it first hit the market and I don't see anything coming that is likely to change that. Once a quarter, or less, we get a little blip up or done based on the latest results and the rest of the time it just drifts in the wind. Pick the right interval and one could have made good money; pick the wrong interval and one could lose a lot, but there just isn't a lot of solid trend. Frankly, I don't see it likely to develop a trend either, unless it is slow erosion, until and if the company gets some solid technical vision. The product keeps getting better, but is in no way a leader in any realm and show no sign of having the leadership at the top to take them there.

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