PSIX up 26.5%, Takeover(?) Message Board

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Technology Stocks : PSIX up 26.5%, Takeover(?)

PSIX 52.15

+1.3%

Nov 21 9:30 AM EST

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To: Srexley who wrote (5502)	1/30/2001 4:57:41 PM
From: rpalladin	Read Replies (2) of 5650

I have been following P6 since Jan 98 and there was much doubt then. The company ran from about 4 to over 120 presplit. Of course this was overexhuberence and needed to be corrected but IMO the punishment P6 took in Dec was unfounded after all P6 is not a .com with just a site and no way to make money. The market simply overcorrected in P6's case. However markets will adjust after an overcorrection. I believe we are in the midst of the market bringing P6 back to where it should be. IMHO it should be in the mid teens. I am not a TA expert but I do follow some of the trading patterns to judge entry and exit points. P6's trading in the last couple of days is very very encouraging IMO e.g today we trade 1.5M shares between 2:46 nd 3:53 or about 22K shares per minute however between 3:53 and closing we traded another 1.5M shares or 214k per minute. This is about 10x the volume of the previous hour. This type of volume spike is interesting and indicates heavy accumulation at the $2.53 range. The only reason we didn't break out was some heavy shorting. I am considering a significant increase in my holdings and am looking for some feedback from some of the TA experts out there TIA Regards

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