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Technology Stocks : Perot Systems (PER) -- Ignore unavailable to you. Want to Upgrade?

To: Hamiltonian who wrote (159)	2/3/1999 9:12:00 PM
From: eDollar.com	Read Replies (1) \| Respond to of 542

It is impossible to predict any stock movement, how Hi and how low it can go. The internet stocks are a big testimony. Forget internet, the blue chips like AOL, DELL CSCO and even Microsoft are a big evidence. I remember when I had to get out of DELL in Mid 96 when it collapset to 23 (befor splits, may be $5 if you take splits into account). The reason is it is a commodity box maker and the bright days are over. The question is if Perot is going to to sustain this move. The anwer is short term highly improble. It may go dow below its offering price of $16. Right now the company is building a base and testing where it can settle. It might settle at 60, 70, 100, 150 or even 20 on the down side, no one knows. The good thing is (a) It can be be a potential blue chip in its area. (b) It is still in growth mode. (c) Y2K, internet services mania can propel it further. (d) The track record of Ross Perot helps and institutions will factor this (e)Stock prices is about demand and supply and a small float helps Before perot took the company public he put his company in order, not to disappoint Wall street, other than unforseen reasons (which no one except God knows). Let us see how the earnings (which I guess wiull be release artound mid feb) does. One thing for sure, if the management knew that the eranings in the next 2-3 quarters would be bad, they would not have taken the company public. With regards to the high prices, stock prices is about sentiment and it is determined who is willing to pay what. Thats why CSCO is at 110 and COMS at 37, even though EPS are almost same for both. Wh