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Technology Stocks : Perot Systems (PER)
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To: Von who wrote (352)2/13/1999 4:21:00 PM
From: gizelle otero  Read Replies (4) of 542
 
I am in at $41.00/share. I also need to disclose that I am a professional money manager with Allegiance Assets, LLP (a mutual fund).

Although many got burned with this stock as it rocketed from $35.00 to $85.00 and then back to $40.00, I think many of you are missing the point.

#1 - Ross Perot is a man of integrity. His comments that deflated the stock are commendable. Where were the CEOs of other internet companies when their stocks went to ridiculous heights? Running to file their SEC forms to sell their shares as fast as possible.

#2 - Ross Perot has also provided "the little guy" (YOU!) with a golden opportunity to buy this stock at $41.00 a share on Tuesday. If you don't buy this stock then, you will be kicking yourself in the ass for a long time (my opinion). Every hot shot trader is up to his/her gills shorting Perot Systems. The traders are in for a rude surprise next week. I know at least 10 money managers who are buying anywhere South of $60.00 starting Tuesday.

Lesson #1 - Don't buy an IPO on the open
Lesson #2 - Don't short an IPO that has hit rock-bottom and is ready to go up to triple digits in a month.

There are only 6 million shares outstanding. Don't be the fool who remains short this one against professional money managers who want to keep this stock as a core holding.
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