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Technology Stocks : PSIX up 26.5%, Takeover(?)
PSIX 63.06-4.1%Dec 12 3:59 PM EST
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To: michael who wrote (779)2/26/1997 4:50:00 PM
From: Brian Collins   of 5650
 
I am heavily long PSIX at 10.625 and do not like the present state of things, either. However, the prospects on this stock are too huge to let it go, especially at a loss. IMO, the street is playing games with this industry or they are simply making their money elsewhere presently.

Remember, PSIX has a growing international presence, especially in Europe. And European businesses are about 12-18 months behind the US (depending on the country) in climbing on the internetworking wave.

For me, to choose between losing 25% today and gaining 50%-150% in 9-12 months, I will choose the path of patience and continue to write covered calls on the upswings (which are unfortunately few and far between).

Regards all,
BC
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