PSIX will be $12.00 by 11/30/2000 "Reeser" on PSINET
(PSIX was $5.06 on 10/17/2000)
Double your $$$ pick
This is one of the most oversold stocks on the NASDAQ. Analysts were calling this stock undervalued when it was near 30...at under 6, this is a major league bargain.
Posted: 10/16/2000
"RSpencer" on PSINET INC
PSIX will be $8.50 by 1/16/2002
(PSIX was $6.09 on 10/16/2000)
PSIX @ SIX
Largest global ISP. Unlike AOL, ELNK they own their own pipes, in fact ELNK leases from them. Well positioned for the next wave of internet popularity as it sweeps across Japan, South America etc. Currently being punished for a voracious M&A appetite exercised throughout the last 2 years. Short term integration problems and sizeable debt. Being dragged down with the whole net/ISP sector. If you are looking for a long list of analysts each chiming in with "strong buy", this is not your stock and I am not your guy. A little hint here: when everyone is positive, one stumble can lead to a downgrade, or worse, a wave of downgrades. There's generally no room for error. Neutrals, sells, modest buys leave room for rallies on upgrades & good news. On weekly and monthly charts RSI is at an all time low. Stochastics, near zero. A former $59 stock. I bought some in low teens, added this week and would definitely recommend this for any long term buyers. Way overdone, as is a lot of the tech at the moment. I'm looking for an eventual 200-300% from this but starting wih a modest target which I do plan on advancing upwards when the time comes. |
