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

To: ratlong who wrote (2550)	10/7/1998 11:35:00 AM
From: space cadet	Read Replies (1) \| Respond to of 4509

I've been watching and waiting on psft for a while. I always liked this company but was repelled by the stratospheric p/e. No way psft could continue to trade indefinitely in the stratosphere. So everyone on this thread should have known that an adjustment was coming. Especially with the market being so bad, no excuse to get caught long in my opinion, though greed does blind one, admittedly. Anyway, the good news is that psft is now trading at a p/e roughly in line with its growth going forward. Thus I believe psft, while not cheap, is at a reasonable value. If the market wasn't acting so bad I would consider getting in, but I will wait till things calm down. However I do think the incredible risk is gone and there is not much downside from here. Of course, I don't think psft will get back to its old highs this millenium, if ever, but even if it just gets back to 30 that's quite a percentage gain.