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

To: mauser96 who wrote (2639)	10/13/1998 12:49:00 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 4509

A possible piece of information that might fit in this category is the effect of SAP price cutting on PSFT sales and especially profit. This is just more denial from the software vendors, and Sap bulls. Price cutting is not the problem in software, imo. The market is receding and Im not sure its all y2k. We dont have any new products like we did in prior years. The engines are already becoming commoditized. SAP has said that it's sales and profits are going to be very good, and despite this it has taken a hit. Psft also said that, 3 weeks ago. This same thing that is happening to psft will happen to Sap. The onle thing Sap has going for it is a recovering european economy... but other than that they are actually worse off than psft. Sap stock seems to be considered a blue chip and those are the last to fall, but it will (already has, 50% off its highs actually). Michelle

To: mauser96 who wrote (2639)	10/13/1998 1:07:00 PM
From: Tom_	Read Replies (1) \| Respond to of 4509

Down 18-20% on no real news... Basically that's why I've gone in today. One person's short is another person's buy opp, I guess. We assume there's news. But we don't really know whether it's good or bad. I agree with Lucius 100%, except when he states that the market "thinks" the news is bad. I think the market "fears" the news is bad. Quick trigger fingered institutional investors are not taking the chance that it is bad and are bailing out. Looking at a five year PSFT chart tells me that in any case this might be a nice point for a long-term entry. Macro conditions: low interest rates; more easing bruited about; bond rates low; economy not overheated; Japan doing something; Brazil ready to accept help; stock market itself not a heated bull market anymore. An OK daytrade? NAZ down over 100 DOW-equivalent points and basing. PSFT has based also. The DOW isn't low enough for a good daytrade, though. Never mind, buy half a position; if DOW falls too, buy more. An OK position trade if there's an upside EPS surprise. Or, at the least, I've averaged down and eased some pain. <g> And will endure more if it falls. It will rise eventually, won't it; it's a "growth" stock. Just thinking aloud. Trying to convince myself after the fact. Luck to us all. Tom