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

To: Jamey who wrote (3427)	4/17/2000 12:23:00 PM
From: William B. Kohn	Respond to of 3646

Joel's credibility is pretty strong here. While I don't think the situation is so dire that the stock will hit 5, I still think there could be money to be made shorting the stock around 9. It would be a trade into the seven's that I'm thinking of. The situation we need to realize is that those long on PMTC trade based upon irrational exuberance, and hence they may artificially prop the stock up, before management figures out another way to disappoint the street. I still think the sales problems here aren't near being solved, and I also believe that the company has a credibility problem themselves making promises of Windchill that cannot be substantiated. Joel's 5 dollars is alot closer to reality than RAM's $50 of a few weeks ago.