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

To: lebo who wrote (4197)1/8/1999 10:42:00 AM
From: Grabs  Read Replies (2) | Respond to of 4509
 
Half? You are an optimist. I would venture to guess that they're right less than half the time. Don't know the reality yet, but I'm with you. However, since my cost basis is in the upper $30's, I think I'd rather see some recovery based on fundamentals then a buyout later in the year when PE's for the sector should pick up. Either way, I wouldn't mind holding IBM either.

Grabs



To: lebo who wrote (4197)1/8/1999 10:43:00 AM
From: The Player  Respond to of 4509
 
Looks like my irrational exuberance got the best of me...23 3/8 eom



To: lebo who wrote (4197)1/8/1999 11:18:00 AM
From: Mario  Read Replies (1) | Respond to of 4509
 
Lebo, that is what everyone said about analysts when Chuck Phillips and a couple other analysts down graded saying license growth was slowing and Y2K was affecting ERP. 2-3 weeks later PSFT had their earnings and admitted the above, so I wouldn't say all analysts don't know what they are doing.

Mario


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