PROGRAMMER'S PARADISE (PROG) Message Board

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Technology Stocks : PROGRAMMER'S PARADISE (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: Crossy who wrote (54)	1/10/1999 10:03:00 AM
From: Zeev Hed	Read Replies (1) of 2383

Crossy, you know me, I am quite conservative in estimating the possible upside of a stock, and even then, reality does sometimes (too often) set in and put my "estimates' to shame. It seems that I am better at forecasting demises of companies then their ascent. Frankly, if we reach a PSR of 2 on my sales estimates of $.3 billions, we are talking about a $120/share price. I will be happy to reach first a very fair valuation of $60 (PSR=1), then depending on the momentum developed, splits and market conditions, I may raise this. I would not be surprised to see your target reached just to be followed with a 50% retrenchment. The we will see how well the company execute.

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