PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 65.34

+4.7%

Dec 18 4:00 PM EST

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To: Sandie who wrote (2162)	3/12/1998 3:34:00 PM
From: wtett	Read Replies (1) of 5650

Sandie, I wouldn't put too much emphasis on the short interest. I wondered a lot about that and after the stock sold off as much as it did with no covering, I concluded it must be related to some derivative transactions. You know, some firms specialize in converting large insider positions to other instruments through options, etc. I suspect there's some of that in the short interest. If that's what it is, that large short position would be fully hedged.

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