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Technology Stocks : PSIX up 26.5%, Takeover(?)
PSIX 54.08+2.8%Nov 28 9:30 AM EST

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To: neko who started this subject9/16/2000 10:08:11 PM
From: Curtis Gruber   of 5650
 
Volume:

Hard to say on the volume. I guess an argument can be made either way. Down 18% on huge volume would indicate wide spread selling. But with 17million shares traded there had to be a ton of buyers too.

As well, Thompson(which is circumspect at best) indicates absolutely huge buy interest(normal interest is 250-500k, yesterday had 1-1.5 million).

thomsoninvest.net

Premarket volume was very heavy, but wemade a decent recovery off the initial low.

The open at 13 11/16ish was the high for the day though. So not enough buying interest to take that out.
Ended day near the intraday low(not good).
After hours volume heavy(though not much movement in price).

So all in all, it's confusing. Like I said, cases could be made either way.

I am glad that investors have the weekend to digest the news so hopefully we'll get a bit of a bounce come Monday.

regards,
cg
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