Sandra,my head is wheeling and dealing regards how to play PSIX both as a long and a trading stock---Sandra the key thing about PSInet is the kind of internet stock it is---it is not a AMZN,KTEL,EGGS type,but instead a MSPG/AOL type,and I have much more longterm belief in this type,as PSInet was quoted in the WSJ on friday makes a major point in understanding this stock when they said"We are the backbone of Yahoo! we are what they travel on."The companies lack of earnings per share profit is based on the huge cost of building what they are building(that is with IXC alliance)--this is an incredibly ambitious company -here is a dated(fall 97) but essential report that really lays it all out about what this company is and where it is going---
boardwatch.internet.com
So my problem is how do I get a core position---and trade,as I went in at trade level shares,I really want to take a profit here--I think I will set a GTC sell,but for what,as I think it could hit between 22 and 25 this week--tough call!And then hope to get the 18 for a core position--
it was your statement Sandra that woke me up,about buying enough shares to have both core and trading from the start--I should have entered with 1/3 extra shares at the start,and I would have been set--
constantly learning. O,yes,I am already on the e-mail list of insiderwire--Good Luck,Max |
