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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (389)	1/26/1999 11:29:00 AM
From: KellyW	Respond to of 2383

Larry, as you know, for every buyer there's a seller, so I think it's kind of hard to say "it's a buy vs. a sell." Know what I mean? But the point you're making, I think, is that there is decent activity for trades of more than just 1,000 shares or so -- all us little people. Frankly, I'm surprised this stock doesn't range on a daily basis from $20.00 to $23.00 a share, right now. The forward looking P/E's, as mentioned by the recent posts (And thanks for doing that!), reflects a build up of value. When will the value be unlocked? A Price to Sales ratio might be a more common indicator in this internut sector, but being from the "old school" of wanting to own companies that make money, it's hard for me to get away from P/E's. Perhaps on Thursday, new eyes will wake up to the value of PROG and it'll stabilize at a higher trading range. I suppose it could even take another quarter before it really launches and people see the improved margins and increased sales with a full quarter of their new internet strategy bearing fruit.

To: Larry Brubaker who wrote (389)	1/26/1999 1:31:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 2383

Larry, I think that you are right, and that the overall tone of trading is pretty good right now. If we can take out $15.5 before earning, it would be peachy, if not, we may have to wait a little longer. Zeev