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Technology Stocks : PSIX up 26.5%, Takeover(?)
PSIX 65.46+5.0%Dec 18 3:59 PM EST

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To: Sofa Kingdom who wrote (4757)11/13/1999 2:04:00 AM
From: Curtis Gruber  Read Replies (1) of 5650
 
Pretty volatile week. Up just about
10% on the dot for the week, most of course coming today.

After some lackluster volume last day or so, PSIX made up for it today. Nice to see that first million trading so quick and furious this morning. Consistent large trades passing by...nice to see.

Sometimes confusing to see such high interest from institutions yet short interest rising month after month as well. Eventually something will have to give. This type of "divergence" can't continue. Maybe we can build on today's strength next week.

Real nice to see such a strong move before the weekend as well as two days before the Fed meets. To me that means that the "big players" want to be in PSIX regardless of what the Fed does.

just my thoughts,
cg
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