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: neko who started this subject	2/14/2001 9:32:14 PM
From: Curtis Gruber	of 5650

The fact that PSIX did not move on this news may indicate that the street has not been pricing PSIX for bankruptcy. If they were we should have seen a definite pop on this type of news as many institutions' fears would have been allayed. If no strong move tmw morning I think this will be confirmed. If that is the case, then that would indicate that institutions never really thought PSIX would head into bankruptcy and they had some faith/knowledge that PSIX would pull out. But they still sold out their positions for any numbers of other reason(tax loss, disgust w/PSIX mgmt. etc) If this is the case, then we're basically looking at simple widespread disinterest in this company. If we sit here idling btwn $1-3 for the next few weeks even after we hear about asset sales, we're gonna be starting from scratch as far as drumming up support/interest in the company and the road ahead may be a long one. cg

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