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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

662.0. "Platinum Software (PSQL)" by SWLAVC::HOSSEINI () Wed Jan 19 1994 20:39

    Any info on Platinum Software (Nasdaq: PSQL).  They have dropped from
    a yearly high of $39 to around $13 lately.  I know they develop
    financial sofware.  Any opinion is appreciated.  
    
    Was thinking to buy some for long term holding (proceeds from DEC
    stock sale);))
T.RTitleUserPersonal
Name		DateLines
662.1BROKE::SHAHAmitabh "Amend Constitution: ban DECAF"Thu Jan 20 1994 12:3417
	Re. .0

	I have been watching this company for a while now. My wife uses it
	at work and likes it very much. It made her job of moving corporate
	financial data from a DEC VMS machine to PC's significantly easier
	(with another software called Magic). 

	Strated monitoring the stock at around $22 and saw it go up to
	$29 when they announced the version of their software for Windows. 
	Since then it has been a long slide down. I was lucky that my limit
	order once for $23 was not executed. 

	The software they sell is very expensive (on the order of $20K). 
	They might reduce the prices to generate more market share. 

	I am personally watching the stock for a slight uptick and might
	pick some up under $15.