OT- HAHA...I saw Dorsey too...great reply by you <Buy>
From all evidence I've seen, ERP (software) demand should soar in 2000....IT budgets have swelled in recent years because of Y2K spending, and, come the year 2000, it is unlikely that these budget will get cut (substantially)...the strange corporate phenomena of how budgets get bigger, but rarely smaller in effect...additionally, everything I've read says that the large corporate market is cutting back on ERP spending (shifting to Y2K) in 1999, but in the mid-size market (where PSQL spends all its time), this is not the case (or to a much lesser extent)...I know from an employee that overseas sales have been doing well over the past several months, too..
Additionally, all these stocks have been washed out over the past many months...it seems unlikely that they can go through another 6 months- 1 year of rotten performance...(overall) sector growth is still very healthy on a 5-year basis...The question is: when will the market quit looking back at these stocks, and start looking forward...may happen anytime in '99...
PSQL, on a relative basis (relative to almost anything), seems awfully cheap...but small caps are a different breed indeed...
Nice pick up at 7 and change...you only need to get to 14 for a double...Cheers... |
