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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 (3579)11/17/1998 9:43:00 PM
From: LLCoolG  Read Replies (2) | Respond to of 4509
 
Paul,

All that I had ever said was that I thought that it looked like Goldman was holding the stock up. And again for the umpteenth time, nobody but insiders know exact figures, but if you don't believe that Goldman traded huge amounts in their own accounts with their analysts like AJC piping up at every opportunity, then I think you are a total rube. I never said I had paper proof. Ever.

And as far as I am concerned, we have nothing to put behind us. The bottom line is, I was lucky enough to sell my stock shortly before the debacle. I have no doubt in my mind that Goldman Sachs had total control of the stock price until their downgrade, and that after the downgrade they no longer cared.

You can spit out and regurgitate numbers from balance sheets all you want. I am not God. But the fact is in the stock price performance since April, and especially since the GS downgrade. Every single strength that you have quoted from the balance sheet and stated about the management and company in general has been questioned by the stock price. But as long as you are content with your position, it doesn't matter.

I understand exactly where you are coming from. I can also completely empathize with your situation in this stock. But I think you also forget hat I owned the stock when I talked about this. I was also waiting for 29 to reenter before the GS debacle. The last thing I wanted was for the stock to tank. But making things up and pulling things out of my rear is not something I do for kicks--I have plenty of other worthwhile things to do to occupy my time.

But occassionally I slip and put sardonic posts where they don't belong, when I am bored and want to be an ass. The one yesterday was one of them.

G