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

To: Roderick Ciferri who wrote (2294)	9/29/1998 12:48:00 AM
From: Jon Cave	Read Replies (1) \| Respond to of 4509

I am not sure that you will see a 10% increase in the stock just because of the S&P 500. I think that PSFT is undervalued anyway and we could see a larger increase than I saw when I was in ASND as it was fully valued when it went into the S&P 500. I was in ASND several months ago when it was added to the S&P 500 and the stock only moved up about 5% the next day and that was basically all the boost ASND got. I did think that it helped keep the price of ASND from falling though. It seemed to me that most of the big blocks traded in after hours. You will definately see a gap up in the morning as the MM's will milk this for all they can. I think that the buyers you see in the morning will be regular investors loading up on the stock. Thats my two cents worth....