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

To: Tim Waldron who wrote (353)	3/30/1998 1:20:00 PM
From: Jason Flora	Respond to of 4509

I think everyone shares, or at least acknowledges your concerns. The question remains can they sustain a high growth rate. Cedd Moses said in the interview that if it fell into the mid 40's again that he would accumulate aggresively. Personally I am not in a position to accumulate any additional at this time. You may want to find a TA person to give you perspective on a good entry point. I think their are a few individuals on the thread that could help...

To: Tim Waldron who wrote (353)	3/30/1998 1:47:00 PM
From: Peter W	Respond to of 4509

Tim I spent several months asking myself this very same question while watching the stock move up from the high 30's. I was waiting for the same correction that you're waiting for. Finally I bought at 50. Dumb or what? You're right, the P/E is ridiculous, but Paul (aka MTM), Melissa and the rest convinced me to ignore it just this once. Peter

To: Tim Waldron who wrote (353)	3/30/1998 3:03:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 4509

Tim, I understand and sympathize with your concern. The P/E for the stock is high and the stock is too expensive. But you know what? The stock has always been too high (for years running!). I think if you try to time this stock you could very well talk yourself out of buying into the skyrocket we know as PSFT. I've bought several times over the years and am not disappointed in the company's performance. Sometimes it works the other way. People come on and figure they'll make themselves a quick couple of points and leave. They have talked themselves out of huge profits. A few months age there was a big debate arounf whether to buy at about $27.50 , or to wait for the stock to drop to $26. It sounds crazy in retrospect, but your concerns have been voiced ever since I've been on this thread. I bought some PSFT a year ago and so far those shares are a three bagger. I bought before then, but I won't tell you what those are doing <VBG!!!>. I also bought a few weeks ago at around 43. Regards, and good luck! Paul