PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 52.21

-1.6%

Nov 19 3:59 PM EST

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To: Lennart Steiner who wrote (4608)	8/7/1999 1:47:00 PM
From: Curtis Gruber	Read Replies (1) of 5650

Lennart, seeing that the bond offering was 3 weeks ago, it is old news, relatively speaking. Yesterdays drop from its' intraday high could be attributed to many things, but one probable reason is we are still in a very volatile market, with most people expecting an interest rate hike, (2)it is a friday and after this crazy week, many don't want to hold over the weekend(3)PSIX went from 35 to nearly 48 in less than 2 trading days, so there is bound to be profit taking, and (4) with the increase in volume you see day traders step in to take advantage of the swings. Have a good weekend, cg P.S. David, thanks for the reply, it did help.

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