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

To: nnillionaire who wrote (3081)	10/22/1998 11:40:00 AM
From: RetiredNow	Respond to of 4509

Well, Dennis. Despite the excellent growth in the past. This company has plummeted from $50+ to its present $19+. This was my biggest holding, now it's my smallest, not because I have sold any shares, mind you. Short candidate? I think so. I have watched this stock beat earnings estimates by a penny for 3 straight quarters and each time the stock took a huge hit. So it looks like the best thing we can hope for is for the company to start losing money or something, that way we know the stock will go up. All kidding aside, though, I think now that everyone knows growth will be slow for at least the next year and a half, many more people will bail, myself included. That means the stock may very well go into the mid teens as gc has said. What it boils down to is that this stock doesn't trade on fundamentals. So I'm taking my money out and putting it into CSCO. At least CSCO rebounds from its lows.