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

To: Satyr who wrote (906)	2/4/1998 1:54:00 PM
From: Raptor	Read Replies (1) \| Respond to of 940

Satyr ... I also disagree when you talk about a "run up" ... There was an unusual dip to 31 (a buy opportunity) from where PSFT had been, so to me it just returned to the mid-upper thirty's. As we all seem to feel, the longer term is still up and up and we now have a new all time high - something which happens regularly enough with this stock. Of course it always pulls back from these new highs for some reasons or other (often outside altogether) and then eventually charges forward and sets a new high. I don't know what time frame you are looking at and what you mean by 'short term', but I am sure there are past periods of stronger moves with this stock. 1995 and 1996 will no doubt yield some examples, but I have not looked into it at time of writing.