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

To: Chuzzlewit who wrote (2708)	10/14/1998 2:55:00 PM
From: Tom_	Read Replies (2) \| Respond to of 4509

Chuzzle...I bought yesterday,too. Good odds, I think, by almost any criterion. So we're on the same side on that. As for the sector and fear, though, I don't know. I might hesitate before drawing any general conclusion based on a few days (or a couple weeks) of price movement in a stock, or stocks. Just ten trading days ago PSFT was at 33. And what about PSFT today? Ordinarily it reacts vigorously to movements in the DOW/NAZ; that's what makes it, IMO, a good trading stock as well as an investment. Today? Well, the good news is that it didn't tank on opening, but rose and, as of now, has stayed up. The bad news is that it is stuck in a narrow trading range and did not react when the DOW/NAZ skied. So, what does one conclude? I don't know. And what about an hour from now, when the situation changes? Or Monday? So. Good luck to both of us. Our money is safe, in any case, longterm, in PSFT. IMO. <g> Tom