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Technology Stocks : PSFT - Linking E-Commerce and the Enterprise -- Ignore unavailable to you. Want to Upgrade?

To: Hector who wrote (172)	11/22/2000 8:19:15 PM
From: Michael Young	Read Replies (1) \| Respond to of 197

<<I guess PSFT is either not executing or demand is suspect.> No. The market is no longer rewarding any techs. Mutual funds are forced to scramble the jets and sell even relatively strong techs to maintain liquidity as the momo plays get trashed. I bought a lot of protective puts when the stock was in the upper 40s. I sold most of them today. The downside is probably upper 20s. At that level I will rebuild a large position. Keep in mind that the valuation of PSFT is much lower than most of the leading software stocks. MIKE