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Technology Stocks : American Software Amswa

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To: PHarris who wrote (174)3/22/1999 3:56:00 PM
From: Jim Goodman   of 180
 
thanks for thinking of me....but I missed this one, so, if you bought in depressed "PSYCLE sm" base, way to go, Priscilla...as to "buy backs", as I teach in my Newsletter and Educational Booklets, studies going back, have shown, that at least 2/3 of all "announced" buybacks, NEVER fulfill !!! also, some wonder why the co. cannot find better corporate use for that money....so there is no one answer carved in stone....AMSWA looks higher, towards resistance, technically, in the 4-5 area....perhaps it will pullback first....will keep an eye on it... best wishes, hope this helps....it certainly was cheap....
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