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

To: Neil H who wrote (4143)	1/7/1999 7:41:00 AM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 4509

Lehman Brothers upgrade?? Financial news reports last night had PSFT moving because of buyout rumors involving IBM. Michael Murphy (CTSL) is now reporting that the strength was due to an upgrade by Lehman. Which is it? PD

To: Neil H who wrote (4143)	1/7/1999 8:43:00 AM
From: swisstrader	Respond to of 4509

Thoughts from Investor Links (Bull Market Report) on time to buy PSFT "I find it much easier to pick a Momentum stock that has been moving up and breaking new highs, but there are times that I will look at reversal patterns. There are certain characteristics that I will want to see before attempting to Buy a bottom. Here is a list of criteria that has served me well for reversals. 1. The stock just moved above its 50 day moving average 2. The MACD is on a Buy signal 3. Volume is the highest of the last month 4. Momentum recently moved from negative to positive Look at the chart of Peoplesoft, PSFT. After breaking below its 50 day moving average in July, PSFT has moved continually lower. Over the past month, it has formed a base and today broke above its 50 day moving average. All of the other criteria listed above are also in place. I am looking for a reversal in PSFT and I would Buy it here. The below chart had not updated by the time Market Call went to press, but PSFT closed at 21 11/16, up 2 1/2, breaking decisively through it's 50 day Moving Average. I would place my stop at 19 3/4. investorlinks.com Also, more news on IBM buyout from the Street.com: Shares of PeopleSoft (PSFT:Nasdaq) jumped more than 13% on talk that IBM (IBM:NYSE) would buy the Pleasanton, Calif.-based enterprise software company, says an analyst who asked not to be named and whose firm has no underwriting relationship with PeopleSoft. "That's the rumor going around Wall Street," the analyst says, adding that at this point, he did not want to speculate on whether such a tie-up would even make sense. A spokesman for PeopleSoft says the company does not comment on rumors -- but that didn't stop the Street from taking a gamble. PeopleSoft shares closed up 2 1/2 at 21 11/16 after hitting a daily high of 22 9/16, the highest level since Nov. 19. PeopleSoft shares had been languishing below 20 since early December on forecasts of a sharp slowdown for enterprise software sales in 1999. thestreet.com