PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 53.04

-2.8%

Nov 18 3:59 PM EST

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To: Lennart Steiner who wrote (4608)	7/17/1999 10:45:00 PM
From: Curtis Gruber	Read Replies (1) of 5650

Hard to know, lots of guesses people have as to why the drop, although not very much. PSIX was trading up close to 65 i believe as we went into the closing hour. Then it was only up 7/8 and then within 20 min or so we were down 7/8 right at the closing bell. I expected PSIX to double the offering but didn't expect so much demand that they'd have to triple it. Wow! I think a bit of a pullback is healthy because of course it won't go up forever, I am just surprised that we didn't pull back more. I would not have been surprised to see us around $55-57 on thursday or friday. Esp. going into the weekend. We have nearly doubled our market cap/stock price in a months time. PSIX volume is surging day after day. Not sure what to make of it, I have never seen the stock behave like this. So while I expected a sharper pullback as we neared weeks end, I'm happy to see it so slight, if that. regards, cg

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