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

To: LLCoolG who wrote (2688)	10/14/1998 10:11:00 PM
From: Elmer	Respond to of 4509

Hi G, Thanks for your comments. You are right. I've been considering the extraordinary trading volume in the stock over the last month and I wanted to bounce something off of you. I recently ask a broker friend what exactly happens to the character of the owners of a stock when you see a 30% to 100% turnover in the float in one day. His comment was that basically you have the value guys moving in to take the stock from the momentum guys. At some point, assuming the core business is in tact, the hands get so strong that the stock starts going up again. I don't think the decline is over but if we get more volume and more decline, the new owners will have patients, which they probably will need. David