PSIX up 26.5%, Takeover(?) Message Board

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Technology Stocks : PSIX up 26.5%, Takeover(?)

PSIX 63.46

-0.3%

Dec 10 3:59 PM EST

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To: Richard Chow who wrote (4704)	9/29/1999 9:15:00 PM
From: rpalladin	of 5650

viwes.com Is a link to short positions for PSIX note that in 4/99 the position was at 1.3M and for 9/99 it is at 8.7M. PSIX has broken 12 month highs for shorted shares the last 3 months. Bottom line IMO is that this stock has been targeted by the shorts and they are succeeding nicely. So technicals cannot take into account targeted stocks and it is difficult to say when they will stop and cover. It will take some really good news maybe the quarterly report will be the catalyst for upward momentum. In the interim expect small temporary runups as shorts cover a little and then bash it back down. The good news is that the run up to 73 was partly fueled by a short squeeze. With record numbers of shares short a new short squeeze should provide ample fuel for new highs. But it is going to take some extraordinary news to do it. All the above is IMO of course.

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