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

To: Steven L. Johnson who wrote (199)	3/11/1998 11:59:00 AM
From: Chuzzlewit	Respond to of 4509

Steve, let me expand your answer a bit. This kind of graph uses the logarithm of the price on the y-axis. The reason for this is so that growth rates can be easily seen. If a company is growing at a steady rate you can draw a straight line through the price points. It's also quite useful in analyzing sales revenues, cash flow etc. You can (and probably should) follow your portfolio performance using this techniques. Buy 2-cycle semi-log paper at any engineering supply store. Regards, Paul