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Technology Stocks : PERI (Periphonics) -- Ignore unavailable to you. Want to Upgrade?

To: djaff who wrote (1505)	2/13/1999 9:06:00 AM
From: Timoteo	Respond to of 1682

djaff, John, et al: PERI is reacting to the slump in the NAZ, not specific news as indicated by the volume. I hold a half dozen other quality companies that are down by as much or more over the past weeks. Many of the stocks that overcorrected in the fall and have ran up 100% or more like PERI have fallen ripe for profit taking. I hope PERI drops to 8 or 9 and then I'll add more. Longer term, the market volatility may actually help PERI as fund managers actually have to start researching stocks to find value instead of just buying the big indexes. For an example of another good company that has dropped like PERI, look at CDT. Don't confuse short-term action with trends. I did this a while back when I sold RMDY @ 12 and change for a couple point gain after watching it hit 14+. It went on to crack 20 and is still up there. Timoteo