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

To: Morris Tseng who wrote (1799)	8/13/1998 4:39:00 PM
From: Just_Observing	Respond to of 4509

The ERP sector got hit but it does not explain the steep drop in PSFT. SAP down 4.18% BAANF down 5.8% PSFT down 6% JDEC down 1.38% ORCL down 3.21% The short sellers are having a field day with PSFT. Also, there was considerable put buying of the August 35 strike early on in the day (nearly 900 and equal to the open interest). Generally, it is a contrary indicator. Today this out of the money put buying was not a contrary indicator. Have no other pieces of information to explain the move today. If I find anything else, will post. Good Luck