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Technology Stocks : PSFT - 1999: The "Make-It-or-Break-It" Year? -- Ignore unavailable to you. Want to Upgrade?


To: Beltropolis Boy who wrote (496)4/13/1999 6:01:00 PM
From: Michael Burry  Read Replies (1) | Respond to of 1274
 
Chris,

I hope that was sarcasm. What's interesting there is who they call the Big Fish (the same ones I did) and who they call the middle players (PSFT, BAAN, JDEC). When I wrote my article, I got a lot of flak from people who thought PSFT was a big fish. My premise (after researching it) was simply that they weren't.

I do agree that the industry is oversold, but that the opportunity will be presented by the reduction in prices of the big fish.

I for one really do like Oracle. I've been saying my target is 14-18 and I'll buy there. A lot of my friends still say it'll never get there. But I make my money buying stocks at prices nobody ever thought they would see. We're getting closer. Patience.

Good investing,
Mike