Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Northern Cougar who wrote (35474)	4/21/1999 2:42:00 PM
From: SMALL FRY	Read Replies (1) of 120523

PSIX <NEWS> Upgraded... price target raised to 65 from 47. News Alert from Reuters Topic: (NASDAQ:PSIX) Psinet Inc, Quote.com News Item #9835409 Headline: RESEARCH ALERT - PSINet (NASDAQ:PSIX) target raised ====================================================================== NEW YORK, April 21 (Reuters) - Gruntal analyst David Takata raised his 12-month price target for Internet service provider PSINet Inc. to $65 from $47. -- He said in a Tuesday report that he kept his strong buy rating on the shares. -- "We believe that the Nasdaq selloff in 'dot com' stocks unfairly punished PSINet. We believe that PSINet deserves to trade at a premium to the group based on its superior long-term execution." -- "We recommend accumulating shares as the market settles in," Takata wrote. -- PSINet shares were up 5-10/16 to 54-7/16 in afternoon trade. Copyright 1999, Reuters News Service

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