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

To: Intel Trader who wrote (1666)	7/29/1998 11:08:00 AM
From: Just_Observing	Respond to of 4509

Merrill is doing the Intrepid deal for PSFT and are under restriction until the deal is completed. So they have not said a thing since reiterating a strong buy a month and a half ago at 48. They came out neutral to bearish on Baan after their earnings today. So why the selling by Merrill?

To: Intel Trader who wrote (1666)	7/29/1998 11:12:00 AM
From: Melissa McAuliffe	Read Replies (3) \| Respond to of 4509

It looks to me like 35 was a support level. If we start to go below this point then looks like 31 is the next support. Is this correct? Looks like it bounced off this slightly but I still don't think it looks positive. Just MHO here. I know there is a buying opportunity somewhere here....just don't know where it is. To be quite honest I'm surprised to see psft here. From a purely technical perspective I guess it's not a surprise at all. Sometimes I guess you can know a company and stock so well that you just don't want to believe it.