Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Mr Logic who wrote (185)	3/10/1998 7:49:00 AM
From: Melissa McAuliffe	Respond to of 4509

Patrick<<,On PSFT I am looking for low 30s from here. After all only 6 months ago 30 could have been a sell target!>> I would be very surprised to see the low 30's anytime soon. Unless, of course, we have another Asian situation or some other stock market catastrophe. I'm not an expert on shorting by any means but I don't believe in shorting a stock when it has momentum just because you think it may have gotten ahead of itself. I actually use TA (sorry Paul, not your system) and if I absolutely felt I just had to short this stock, I would wait until the TA indicators change from where they are today. The good thing about PSFT is I don't think that you will wake up one morning to hear they have been acquired and the stock you shorted at 45 is now at 90. That is always the big risk with shorting a stock. But then again, it works the other way too. The only difference being that you can afford to sit back and wait for the stock to go back. Melissa