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

To: Tom_ who wrote (3156)	10/22/1998 11:26:00 AM
From: gc	Respond to of 4509

Not even a dead cat bounce. It's trending down lower from here...next stop 15

To: Tom_ who wrote (3156)	10/23/1998 9:51:00 AM
From: Lutz Moeller	Read Replies (1) \| Respond to of 4509

Tomabre, thanks for Your explanation about tax loss selling. Last Year most lows were set in the week before Christmas. The years turn sow higherpricing afterwards. So maybe this Year it's time to look to buy yourself a nice long lasting Christmas present (or is that considered market timing, which I don't (usually)? My greatest (only so far) success to invest was to read Jim Juback's article in Worth "Can this market be trusted?" in June 1996. I agreed with him, stocks were too expensive those days and went for holidays on a north sea island. While I was on the beach, the buzzy american workers jumped into activity, sending the unemployment rate from 5,6% down to 5,2%. WOLF! UNSUSTANABLE! cried the stock market, INFLATION! and send stocks reeling. So how do we now get along with 4,6 % unemployment rate, lower fed funds rate, lower over all rates and the treat of deflation and recession? Then, after my 1996 holidays I could pick up Quantum for a PE of 5 and quadruple later. I thought I was the greatest, smartest investor on earth. Now, two years and two chrashes later, I think differently. I could hold my net worth and pay my live expenses, and that's it. Somehow I haven't learned to sell overvalued stocks. A virtue, I have to work on. I'm better to buy cheap stock. To return back to our topic. When PSFT falls further, I may load up again later. Now PSFT is reasonably valued, less is a bargain, I say. May those tax averse help us! Lutz