PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 62.95

-4.3%

Dec 12 9:30 AM EST

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To: michael who wrote (863)	3/25/1997 1:15:00 PM
From: James F. Hopkins	of 5650

HI Michel: Wall street's thinking changes so fast that it's really not mch to depend on. The feelings..or sentiment are clearly one of fear..put positions outnumder call positions more than usuall, the market feeds on fear, and greed..a high fear level is really a good sign..as when it goes away the market goes up..you ever heard the saying the market climbs a wall of worry. It's true. I don't know what to say to you..I feel for your right now.. and know it must be tough..I can relate as I'v been were you are but with other stocks. Well I say I have...but are you the one who told me he is on margins ?...that I have not got caught in.. and would be really rough.. -------------------------------- It's "only by luck" I'm not in this stock at your cost.., well not all luck..I almost came in at $9 but did not have the cash..and would not margin her..I was looking at her, and felt $9 would be a good deal..just couldn't move at the time..next thing I know she is down to 7..and I had some cash free..so I jumped. ------------------------------------------- Now you have 6.5 stop loss..I do not like stop loss..to many things can go wrong..if I'm worried that bad I buy puts..stop loss to me is too often a rip off...in most cases it does not insure you will get out at that price..if sell off comes it can trigger all right, but may go as a market order..unless you have a clear understanding with your broker ( at only that price )..I just don't like them. ----------------------------------- If your on margins..what can you do to get off of margin without selling at a loss..? Is there any way you can average down..with out going on margin ? ---------------------------- I have got creamed in the past by getting spooked out of a stock, only to see just about every one of them to come back.. one took 8 years to come back..it was ZAP..I went in cheap..but sold much cheaper..she went capt 11..stock went to next to nothing guess what I took a big loss..lost 4/5ths of my money..last year that same stock..had reorginized..and had I held..I would have doubled my orininal investment..thats not much for eight years but sure would be better than the loss I took. ------------------------- The thing is..look at all the people who bailed from SPCO..last year. had they waited they would have come out OK. ------------------------- There are just rip off companies, fronts, ect..that really do take people for a ride..it's good to fgind out if the company is one of thoes salt lake city wonders or not..but psix I know is for real I wish you luck..and hope you can find away to average down.. I still think with her infastructure, she is a steal at these prices..and I have a fair reserve to pick up more if she sinks..any more. Damm if I would sell at 6.5..no way, but I'm not in your shoes and don't know what kind of reserve you have. ------------------------------ Small caps have took a big hit a lot of them..a lot of this had to do with mutual funds being over extended on margins and forced to sell what they could raise cash with..I think most of that is over now..I do not see a strong bull market coming right back, but I do think the small caps who were beat down, will make a fair rally.. ------------------- Jim

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