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Technology Stocks : PSFT - 1997 Outlook [closed thread] -- Ignore unavailable to you. Want to Upgrade?


To: McNabb Brothers who wrote (643)12/12/1997 3:50:00 PM
From: Melissa McAuliffe  Read Replies (1) | Respond to of 940
 
Hank, I am an avid believer in this company but I don't have a good feeling here for the short term...unless you are shorting, writing cc's or buying puts. I think that PSFT may hold up better than some but it is going to be taken along to some degree by market psychology alone. I have only been actively in the market for the last six or seven months so wasn't around earlier in 1997. But I was looking at the chart last night and saw what happened with respect to
PSFT and feel this may just happen again. In my opinion, nothing has changed with the company or its fundamentals. But the market right now has changed significantly. Again, just MHO. Hope I am wrong.
Melissa



To: McNabb Brothers who wrote (643)12/17/1997 4:28:00 PM
From: Dakota Sullivan  Read Replies (1) | Respond to of 940
 
"Will stay short for the time being!" Hank, why short? Company seems to have a rock-solid balance sheet, conservative accounting practices (means they can always pull one out of the bag if they need it when earnings season rolls around), fairly decent valuation (relative to SAP & Baan), less than 15% exposure to Asia, etc. What makes you sell short here?
Dakota