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

To: Elmer who wrote (2668)	10/13/1998 11:08:00 PM
From: LLCoolG	Respond to of 4509

David, I didn't watch much. I saw it down at 20 around the open, and took a peek, and it looked like everyone just got out of the way at the start. To be frank, I haven't paid much attention, and probably won't. The only buying I would expect would be for folks trying to get this stock back into its sinusoidal rhythm of a 4-5 point range for trading purposes that it used to have. If Goldman starts buying back en masse, I will get back in. If I get back in, I will post it here. And for all you folks who believe it will either tank or explode based on the earnings coming up, two things. This is the perfect situation to play both puts and calls to benefit from the impending move either way. And, with the exception of 4/97, the biggest increases have come pre-earnings. I wouldn't expect and immediate large run even if they release spectacular numbers. Regards, G