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

To: Melissa McAuliffe who wrote (1573)7/22/1998 3:14:00 PM
From: GJD  Read Replies (1) | Respond to of 4509
 
PSFT estimates for 12/98 is 0.65 and for 12/99 are 0.92. Mgmt. has not guided the street higher for next year. When pe is 75 and growth is slowing to 40-50% area, the stock will remain in a trading range for a while. I'm just wondering why SAP and BAANF do not get punished as badly when PSFT financials are actually better. The momentum minded market might look away from PSFT for the time being. I am still long and holding. 200 day line is at 41 1/2 area, and the stock is forming a Hammer formation in Candlesticks which is bullish short term.



To: Melissa McAuliffe who wrote (1573)7/22/1998 5:02:00 PM
From: Raptor  Read Replies (1) | Respond to of 4509
 
I'd have to check, but I don't think we got hammered like this

last year when PS was only covering by 0.01. and don't say it - I know these are different times and circumstances.


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