Project Software: PSDI Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Project Software: PSDI

PSDI 0.00

Mar 22 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Todd D. Wiener who wrote (60)	4/20/1997 2:46:00 PM
From: kvogel	of 134

PSDI's IR is poor(I mean terrible) but the company's chart pattern is starting to look good. After the gap to the downside it has been basing for a while between 12 and 13. The news and downgrades are all out and the company is trying to hire at a good rate. They still might buy in some stock. I have a question for you Todd. You said the float was only 2 million shares several posts back. Where did you get this number and do you know how much stock is closely held? Since the major gap to the downside total NASDAQ volume in this stock is 7.5 million shares. NASDAQ volume is inflated by more than a factor of 2 compared to NYSE issues since they count buys and sells as 2 transactions and even add on when shares are redistributed among MM's. Still, there is a nice base and I don't expect any negative news for a while. The primary selling is certainly done so upside moves could be exaggerated with the thin float you're talking about. Thanks, Karl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next