PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 66.76

-2.9%

3:59 PM EST

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To: Ken Turetzky who wrote (2136)	3/9/1998 2:48:00 PM
From: Curtis Gruber	Read Replies (1) of 5650

PSIX moving up about .50 for a 3rd day in a row, hope it holds, other ISP and telecom stocks moving today as was mentioned earlier, probably due to QWST and LCI deal. PSIX moving prob. partially because of that deal and perhaps some short covering, but me thinks that there is just a lot of accumulation going on. I don't think it is buyout/merger accumulation(although who ever knows) I just think that after PSIX released the news on its sub. base growth and expansion #s from global operations the stock started to move with the deep volume. We may get close to 2 million today, that is a whole lotta shares being traded. Good sign if PSIX closes above $9 today, after it tested that mark last couple days. 52 week high is $9.75 right? Also watch option volume.....last week there was very heavy volume on March/April in the money calls and in the $10's too I believe. Psinet is looking better.....still wish management sold the farm at $10 to my buddy Mac(smile). regards, cg

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