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Technology Stocks : PSINet, Inc.(PSIX)

PSIX 73.04

+2.6%

Jan 13 3:59 PM EST

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To: Andrew R. Sicotte who wrote (14)	5/7/1996 4:24:00 AM
From: Chris Alexander	of 54

Sorry Andrew, I dumped it at 16 1/4 and thought I was lucky to get out. I bought 200 more shares of ZE with the proceeds. I may regret this but it is an intelligently considered risk. I think that by Friday, I will have made more on the ZE than on the PSIX and I will be able to buy back into PSIX hopefully due to my expectation from today's activity that it will go up and down for quite a while until something is announced. My original thought was that it would creep steadily upward, but after today, I thought about the money tied up, the time it will take for a buyout, and the current ZE phenomenon and decided it was too risky. Now I am in ZE at 23 1/4 with 200. I may have traded one bad decision (getting out of PSIX) for another (getting in ZE too high). Chris Alexander

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