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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 (2823)	10/17/1998 7:46:00 PM
From: gc	Read Replies (2) \| Respond to of 4509

These published "growth rate" has to come down. Stock price are "forward-looking" not "backward-looking". You have not seen the real bad news yet. When you see it, the stock probably has reached it bottom. Most small investors lost their money because they "trust" these numbers and ignore the dangerous signs ahead. As a result, they tend to blindly add or "double" their position on the way down thinking it's "cheap" without considering the risk factors. I bought the stock at IPO and bailed out in April near its top. If you call it star gazing, I will be happy to continue to gaze. Only this time I can afford a more powerful telescope now.