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Non-Tech : Under $1.00 stocks

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To: jmhollen who started this subject1/1/2001 12:40:07 PM
From: Rutgers  Read Replies (1) of 206
 
Not really looking to "spam," but ...

I like PSIX - for both short term and long term

Short term: check out the NAS short that was published last week. P6 increased about 14% from Nov. 15 to Dec. 15 (from roughly 22 mill shares to 25 mill shares short). The way I see it is that we've got some shorts with major capital gains that they probably did not want to realize in the last couple of weeks. At $.75 right now, the downside seems pretty limited to me inasmuch as it is hard to fathom that they would actually go out of business with all of their assets. Thus, it seems that, at a minimum, we may see a short covering rally that, hopefully, could feed upon itself.
Long term: either buy-out or re-build.
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