Phoenix Technologies (PTEC) Message Board

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Technology Stocks : Phoenix Technologies (PTEC)

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To: Mark Brophy who wrote (3104)	1/24/1999 11:58:00 AM
From: Tim Oliver	Read Replies (1) of 3624

SBSE insiders bought at 17-18 and sold at 28-30 recently. It's an extremely volatile stock and I'd prefer to see if it'll fill the gap that it made in the past week than to buy it near the 200 day MA around 25. We'll know within the next few days how powerful the next move will be. If the volume starts dropping off here and the stock gets to around 20, I'd buy some (as I suspect the pro traders will too). If the stock quickly can HOLD as high as 30, then I'll start believing it can get to 70. The CEO said he was pleased with results but that growth was slower, so I don't see underlying fundamental strength. What can you tell me about their management background (not who, but what)? I'm pretty sure PTEC will hit 10 soon, but I think it'll be a good buy under 8 where the insiders recently got in again. I'm glad to hear that Kopp dumped a lot of their position. They had too much of the pie relative to other institutions. I hope PTEC gets out of the BIOS business soon.

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