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

To: LLCoolG who wrote (3354)	10/30/1998 8:07:00 AM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

If someone is down $20 on this stock they purchased somewhere around $40. I don't think PSFT is going to $40 next month and probably not for six months or more....but I seriously doubt we're looking at three to five years to see$40 again. If I were willing to sell my stock at this price but wasn't sure if I should, another alternative would be to write covered calls on it over the next several months...granted, you run the risk of losing the stock if it moves up but you'll always be losing it at a higher price than where it is today. So if you'd sell it today at this price anyway that seems like another good alternative. But if everyone is so sure 25 will be resistance it might be a good idea to wait until it gets there before doing this. I wouldn't be at all surprised to minimally see at least $30 sometime in the first quarter or before. I'm not trying to sound bullish here or mislead anyone. It's just what I happen to believe at this point.