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

To: Melissa McAuliffe who wrote (2895)	10/20/1998 11:25:00 AM
From: Rick	Read Replies (1) \| Respond to of 4509

I must dissent on the idea that profit taking will result in a down day today. I believe we have reached an inflection point in general market and economy conditions. Until the next hedge fund or bank shocks us with leverage related losses, this market will be strong. PSFT is down slightly on SAP negative comments about 4th quarter, but I believe we get a positive close leading into anticipation of the report. Anyway, this short term stuff is just for sport, but my trader's gut is saying this rally is real (market and PSFT). Sportingly Yours, Rick.

To: Melissa McAuliffe who wrote (2895)	10/20/1998 11:44:00 AM
From: scott harrison	Read Replies (1) \| Respond to of 4509

When PSFT lowered their growth rate, what was the new percentage they gave? If you know the before too, please let me know. Scott

To: Melissa McAuliffe who wrote (2895)	10/20/1998 11:50:00 AM
From: V3	Read Replies (3) \| Respond to of 4509

Fairly recently (about 3 months ago)I started to trade PSFT short term as a main source of my income. Although I sometimes make about $200 a night from tips by waitressing on weekends, I have learned that(and I have) I can earn considerably more by trading this stock on weekly basis if I play my hands right. This is not to say that PSFT is best for trading short term. In fact, I have set aside a few shares of PSFT for long term while it was at 18 7/8. At this price, the long term price movement is very likely to be up and only up unless those individuals whom I call "buttmunch" pull another stunt like they did recently. Long term investing can be rather a slow process both in time and in the amount of profit. Having followed PSFT's price fluctuations for more than 3 years, I believe I have good "feelings" for this stock and that's why I decided to focus on my short term needs --- mostly, the school tuition, room&boards, car payments, ...etc. --- and to do this is to trade PSFT short term. And so far, I haven't been disappointed. Robin p.s. For somebody who's been involved in the stockmarket for more than 3 years, I do have very poor knowledge in its workings. I do, however, have very legitimate excuse for this: Full-time student during semesters in-session, busy with internships during summer, busy working my part-time waitressing at a local restaurant on weekends. And I am a physics major which has nothing whatsoever with the financial market. So please do pardom me if, at anytime, I do sound naive, clueless, or downright stupid. I am, after all, a rookie. p.p.s. In anticipation of today's profit taking, I submitted a limit order to sell a few shares at 26. I still think this stock is a buy(both short and long term) at below 24.