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


To: Dakota Sullivan who wrote (666)12/17/1997 5:10:00 PM
From: McNabb Brothers  Read Replies (2) | Respond to of 940
 
Dakota,

The great big Doji on the Daily chart is a good reason to be short. With a PE of over 100 and a growth rate of 75% it just makes good buisness to be short for now.

Mike
PS Thanks Paul (AKA Stan Beazor) for the call I picked up $4K selling naked options on PSFT this month. Do not have a straight short position at this time but will sell more options on a bounce to mid 30's. BTW Merril Lynch is looking for you!