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Technology Stocks : PSINet, Inc.(PSIX)
PSIX 72.24+0.7%Feb 2 3:59 PM EST

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To: Luce Wildebeest who wrote (3)5/3/1996 12:10:00 AM
From: Techie   of 54
 
PSIX specializes in providing Internet Services to corporations. Yes, they have services for individuals as well, however, they are focusing more on the Corporate side and they are big internationally. They were just 1 of the 2 companies that fit this very profile. The second, UUNT is gone and I'll bet you anything that PSIX will be gone in the not too distant future. They are the perfect target for a company like AT&T among others. Providing Internet services is a lot more than having phone lines & operators. PSIX provides a starting base to any company that wants to get into the business. AT&T just announced that they wanted to get into the corporate side of the business in addition to their annoucement in January for the individual services. So, we know the big guys are interested in the business this company is in.

It was a mistake to sell your shares. Yes, you made some money but the potential to make more is lost... If the stock goes down from current levels tomorrow I intend to double my position.
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