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

To: Raptor who wrote (913)	2/4/1998 2:11:00 PM
From: Rick	Read Replies (1) \| Respond to of 940

I want to reiterate Raptor's point about the pullback to 31 being a buying opportunity. This pullback was basically due to the Asia implosion. If you want to use a better number for your analysis, I would discount the asia nerves and use 35. Now, of course we could have an external event, more asia jitters or whatever bring the price down but that's not predictible. On its own merits, I think the stock is currently undervalued.

To: Raptor who wrote (913)	2/4/1998 2:33:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 940

Raptor, One time that I can remember last year was in March when the stock was around 31 on one day and moved up to over 40 within that day or the next. It is hard to see this on the charts because of the split That was the end of the first quarter slump and it moved straight up from there. But I remember this very vividly. BTW that was the low of the day, not the close. Melissa