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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 (3730)	11/28/1998 11:44:00 AM
From: gc	Read Replies (1) \| Respond to of 4509

true. very true. However, the recovery may take more than one year if it indeed takes place. In the meantime, I am keeping my money in the cyberspace. Looks like the ride will continue for a while. gc.com

To: Melissa McAuliffe who wrote (3730)	11/28/1998 12:52:00 PM
From: Elmer	Respond to of 4509

Hi Melissa, I believe all the negative news (and more) has been built into the current price. I also believe that your response reflects the conventional wisdom on the stock, which is sometimes correct, but often wrong. I'm betting the later. Over the last two years, I've invested in very similar situations and both have worked out well. Last year, ASND had the same negative analysts view. It doubled off the December low. Two years ago, it was Arbor Software that went up 50% in January 1997. So, we'll see. Regards David

To: Melissa McAuliffe who wrote (3730)	11/29/1998 8:06:00 AM
From: Elmer	Respond to of 4509

Hi Melissa, I just had a couple of additional thoughts. First, the pessimism is pervasive on this thread and the Yahoo thread. It mirrors the analyst's view on the stock. Many on this thread are very smart and informed people and have sold. I've never seen so many of one mind about a company's outlook. So, this time it they might be right but I believe crowds are usually wrong in investing. Second, in an earlier post, mindmend said that the employees expect the stock to go to $15. It might. But I certainly don't understand why management would reprice options if another earnings problem was coming. I've owned a couple of companies that have repriced in the last three years and in both instances, it was near the bottom. So, given my strange world view, the evidence is too compelling not to own the stock. Take care David