PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 65.77

+3.6%

Dec 11 3:59 PM EST

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To: amoezzi who wrote (2113)	3/5/1998 4:12:00 PM
From: uu	Read Replies (1) of 5650

Abdol; I just bought a bunch today at $7.94/shr. The management of this company has definitely not been very smart. However, by looking at the chart and volume and todays action when the entire Nasdaq and high techs (including the recent darlings of the Wall Street: the internet related stocks such as ELNK, AOL, SPLN, etc. all coming down big time). I think there is something going on with PSIX we do not know yet! On top of that if you look at the short interest in PSIX (see viwes.com ) you will see that it is at its highest (over 1.9 million shares shorted as of end of last month). This is very bullish for the stock as shorters will start to be squeezed in a horrible manner if today's upward trend to continue!! I am no TA but it seems this stock is heading to test its 52 week high of $9 3/4. I am not looking at this stock as a long term investment but simply as a temporary parking spot for some cash. Regards, Addi Jamshidi

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