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: Smart Investor who wrote (4307)	1/26/1999 1:17:00 AM
From: Will Hou	Read Replies (4) of 4509

Some thoughts on PSFT (TA), FWIW. It seems to me that PSFT will be traded in a narrow range (triangle formation), below $25 with light volume (decreasing) until severe break-out either upside or downside. I think the trigger will be the earnings report on 1/28 (Friday). That happens, we could see big movement next week, either leads to testing 50MA ($20 range) or as big as 200MA ($33 range). It seems like a great time to play straddle. See chart, quote.yahoo.com for MAs, while this chart has better view on triangle formation: quote.yahoo.com This, in part, explained why PSFT held up nicely during recent market moves.

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