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

To: Satyr who wrote (903)	2/4/1998 1:17:00 PM
From: Go Blue	Respond to of 940

Don't forget, the "run-up" to 37 was only after a slight pullback. We are just now at a new all-time high, but barely.

To: Satyr who wrote (903)	2/4/1998 1:33:00 PM
From: Rick	Read Replies (1) \| Respond to of 940

Satyr - I think caution is warranted in any investment situation. But since you are trading the stock frequently, I can't help but wonder if you are simply hoping for a dip to 36 so you can ride 1 more cycle. Anyway, regardless of what news has been incorporated, the bottom line on the earnings report and the 2 announced deals (Boeing and GM) is that is merely continued confirmation that Peoplesoft is executing very well. They are taking advantage of the continued great opportunities in the fastest growing segment of the software industry. I think are in the process of separating themselves from BAAN and ORCL. Will it go to 36 ? I doubt it. However, even if it does, the uptrend is intact. So for most investors there is simply no reason to sell the stock, and great reasons to buy it. This portends continued appreciation. We also have not seen any of what is likely to be a litany of buy reiterations in the next few days or weeks. This could provide an additional surge. I say it holds in the 40's for February. We'll see. Cheers.