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

To: GeorgiaGN who wrote (1653)	7/28/1998 9:54:00 PM
From: Satyr	Respond to of 4509

I have no position in PeopleSoft as I am a trader but from my perspective I would be a little leery if I were long the stock at this time. Some of the recent losses are of course related to the overall market situation but just take a look at Oracle and you'll see that in no way can all of them be blamed on it. PeopleSoft seemed to have fallen out of favor last quarter and I think without the triple digit growth rates of previous years investors are finding the PE ratio a bit to rich for their liking. Long term I'm sure that this stock will go higher but it may be a lot longer than you think. The overall market is looking like a top is in the making and if we do get a correction you may not see new highs for a year or more. Good luck to all.