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Technology Stocks : PSIX up 26.5%, Takeover(?)
PSIX 76.00+0.7%Jan 16 9:30 AM EST

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To: david thor who wrote (1753)1/7/1998 3:39:00 PM
From: Sandie  Read Replies (1) of 5650
 
Truly, the world is upside down when PSIX is the stellar performer in one's portfolio! This thing's marching to its own drummer right now, Asian meltdown notwithstanding.

Given no projected positive earnings until 1999 --by the compnay's own admission-- this high-volume up-trend has to involve some kind of acquisition/JV scenario, whether real or imagined. An investment in PSIX FOR THE SAKE OF PSIX is dead money in 1998. Too much opportunity cost otherwise. The reason for recent strength has to lie outside the walls of the city, right?
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