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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 (3739)	11/28/1998 5:18:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 4509

LLCoolG, there is nothing moronic about Tim Luke's post. IMO gambling on these things (eith long or short) is moronic. The fact is that once the greater fool theory gets into full swing the upward momentum seems irresistible, but just as in the game of musical chairs the momentum boys will all be searching for a chair at the same time and these stock will go crashing earthward. Shorting them is equally ridiculous (unless you like margin calls) because with these stocks the inmates are in charge of the asylum. At some point a few big players are going to notice that there are no earnings and bail out. Watch the scramble for the exits then. KTEL anyone? TTFN, CTC