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

To: Satyr who wrote (770)	1/26/1998 3:15:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 940

I hate to say this but I think there may be something going on here. Today someone sold 147,000 shares in one block at 32 7/8. That's a trade of almost $5M so not some small time investor/trader. I would expect at this point to see it drop some more...hopefully not below 30 or we could be in big trouble for a while.. Or then again, it could go right back up. It just concerns me that this is happening when earnings are just around the corner. I guess the thing to do is sit back and relax which would be a whole lot easier if I didn't have these stupid options!! This is exactly why I don't do short term options and should have followed me own advice. I can't fathom that we will not have a great earnings announcement but so often when a stock starts dropping like this it is because someone has information which is not available to your average investor, e.g. me. Hopefully this is just your everyday average volatility but it seems as if this stock has been having some problems lately. Maybe we would be better off if all these analysts just kept their opinions to themselves<g.>. Melissa