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Technology Stocks : PUMA Technology -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (669)12/4/1999 1:08:00 AM
From: SidStock  Read Replies (2) | Respond to of 851
 
Puma Tech Inc. Reiterated `Strong Buy' at CE Unterberg Towbin

Princeton, New Jersey, Dec. 3 (Bloomberg Data) -- Puma Technology Inc. (PUMA US) was reiterated ``strong buy' by analyst John W. Todd at CE Unterberg Towbin. Todd raised his 12-month price target to $110.00 from $50.00 per share.

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Im still holding, but this is getting a bit out of control! Im not sure what changes in the last month or so really justify the 4X increase in target price/market cap? How can mr todd say its worth $25/share, then double that to $50, then double it again to $110? He appears to up the target price soon after his price gets hit. I dont see the fundamental reason for the price changes....

Ok.. so im not complaining... but its looking like time to take some money off the table! Especially those like me who have been holding since the low single digit...

Good luck,
Sid