PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 65.49

-1.6%

Dec 26 9:30 AM EST

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To: david thor who wrote (1867)	1/23/1998 12:50:00 PM
From: Sandie	Read Replies (1) of 5650

Second-hand report from a friend who attended today's meeting: The meeting started with Schrader basically asking "are there any questions before we vote?" so really no heated debate, pro forma all the way. The shareholders are always remarkably subdued at the PSINet meetings I have attended in the past. Apparently, this meeting was no exception. McCleary didn't even show up...he's seeming flakier all the time. Who knows, maybe he sold into his own hype. I sold my shares this morinig at 8 3/8..should have sold yesterday, but hey. I predict gradual drifting downwards over the next few days and weeks with a chance at $10 if earnings surprise to the upside. I might go back in if I get a shot at $6...

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