Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Smart Investor who wrote (4307)	1/25/1999 3:22:00 PM
From: Optimist	Read Replies (1) \| Respond to of 4509

I sure hope so... :-) Opti

To: Smart Investor who wrote (4307)	1/26/1999 1:17:00 AM
From: Will Hou	Read Replies (4) \| Respond to of 4509

Some thoughts on PSFT (TA), FWIW. It seems to me that PSFT will be traded in a narrow range (triangle formation), below $25 with light volume (decreasing) until severe break-out either upside or downside. I think the trigger will be the earnings report on 1/28 (Friday). That happens, we could see big movement next week, either leads to testing 50MA ($20 range) or as big as 200MA ($33 range). It seems like a great time to play straddle. See chart, quote.yahoo.com for MAs, while this chart has better view on triangle formation: quote.yahoo.com This, in part, explained why PSFT held up nicely during recent market moves.