PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 70.07

-11.6%

3:59 PM EST

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To: Sandie who wrote (1505)	11/13/1997 4:15:00 PM
From: Chris	Read Replies (2) of 5650

Sandie, I do not believe in Schraeder. I think he is not a shrewd businessman and not a good entrepreneur. I agree that PSIX will not get support from Wall Street. Frankly, I keep my shares out of stupidity. I think I should have sold at 9 1/2 when it went there recently. I notice that some people believe in Schraeder: they lend him money. They would not if they expected PSIX to file for chapter 11 in the near future. However, I do not know the reasoning of these people. So far I have not heard (not even from Kate) convincing arguments that PSIX will do well in 1998-1999. The big, screaming, naked fact that everybody can see is that PSIX is not making money. You may be smart, handsome, sofisticated (like AAPL) , but if you don't make money you are doomed.

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