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To: JRI who wrote (44430)	5/22/1998 2:26:00 PM
From: Ashley Campbell	Read Replies (1) \| Respond to of 176387

Bid/Ask just jumped UP again! Someone is buying the dips!! -ac

To: JRI who wrote (44430)	5/22/1998 2:45:00 PM
From: Walt Corey	Respond to of 176387

re: over the long haul, to be less than stellar. I disagree. On stocks like intc, its the only way to trade. follow overbought/oversold. Walt

To: JRI who wrote (44430)	5/22/1998 2:48:00 PM
From: Chuzzlewit	Respond to of 176387

OT John, very appropriate comments regarding PSFT. Just consider how the stock behaved following the Red Pepper acquisition, and where it is now. The stock went down to roughly $16 (split adjusted). It's trading at around $42 now. Oh, the time frame: around 13 months! I think what we're seeing now is a combination of the CEO predicting 55%-65% growth for the remainder of the year (down from 65% - 75%), a change in accounting standards for software companies (which will have no effect on PSFT), and a horrible current quarter for MANU (my goodness!) TTFN, CTC