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Technology Stocks : MAGIC SOFTWARE-MGIC -- Ignore unavailable to you. Want to Upgrade?

To: paper man who wrote (51)	8/24/1999 9:02:00 PM
From: MonteChristo	Read Replies (1) \| Respond to of 219

Hey gang what are you selling for? See you had to go back in didn't ya. Let's do the math for a minute . . . Figure $1.20 EPS looking forward and a PE for the this segment of the industry of say 60. What that makes it a $72 stock. Let's take in consideration the foreign ownership and currency things that may keep people away and discount that 50%. So we've got $36 stock. Now take into consideration that someone(s) are buying up this stock, probably Shamrock and I see very little resistance to hit around that level. Further there has been a spike, but the charts still show all buy signals.