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Technology Stocks : PSIX up 26.5%, Takeover(?)
PSIX 59.38-0.1%3:59 PM EST

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To: Ron Wargo who wrote (4561)6/7/1999 9:29:00 AM
From: Curtis Gruber   of 5650
 
Thanks Ron, I am
cautiously optimistic after fridays run, but this still may be a long month for us all. Thousands of analysts/economists all with something to say about the Feds possible move, the economy,inflation, the Knicks, and 1/2 say one thing and the other 1/2 say the opposite.

Hard to know which way the "market" will decide to run. Nothing but good news out of Psinet, 12month price projections all range from $75-$85(so basically the "experts" see an additional 75%-100% gain in PSIX this year).

I am very confident of EBITDA positive being reached in Q3 and eps should continue to surprise positively quarter after quarter.

BTW, have you seen any recent Psinet commercials? I haven't seen a new one since the guy from Law and Order. Hope we see something new soon.

regards,
cg
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