Dear Phil,
You might want to take a look at a lot of the relevant discussion over on the Yahoo! Finance board under PSIX, where I also post.
Short story, we have no good information, but it appears to us that an institutional holder of some size put out some sell orders. Based on what, we don't know. Could have been a hedge fund, could be reaction to the Fed, could be end-of-quarter profit taking.
At PSIX, we're pleased with our companies' performance, like the quarter, are comfortable with analysts' reports.
The trend today, until the last half hour, was positive. So, we'll hope tomorrow will follow.
There was some speculation out there that we were involved with a buyout of Verio. We have denied that. Also some speculation that the market was reacting to our being taken out of the Russell 2000. But we were put into the (larger-cap) Russell 1000. So, that doesn't make a lot of sense, either.
Hope this helps.
David Kunkel |
