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This stock has, is, and will continue to be hot. Aside from the recent tech dump that has been occurring over the last couple of weeks the trend for this stock is volatile, up 10 pts, down 5, up 10 pts, down 5 pts. The stock is always moving up and the dips are caused by profit taking. The P/E ratio is so high and deservedly so. The company is progressive with great vision, strategy, and leadership. They have dominated the HR and Financial market, so their manufacturing software (released in December) will soon dominate that market segment as well. This stock is going to continue to explode for the next couple of years, MINIMUM. It is OK to short on the dips, because this is a volatile tech stock, but watch out, because this stock will take off in a hurry, just check the 3 year chart. I am a consultant who works with this product and am seeing more and more companies switching to PeopleSoft away from SAP, Baan, and Oracle. |
