PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 73.04

+2.6%

Jan 13 3:59 PM EST

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To: Richard Chow who wrote (4527)	5/6/1999 11:29:00 PM
From: Testy_Coles	Read Replies (2) of 5650

The market makers drove the price down is more like it. Often times they'll jump in on the ask side with a 1/16 lower price. From all of the 1k lots that passed in the last half hour it looked like they were taking out the stops. When the majority of brokers buy more times than they sell, it generally means the price will be going up. I wouldn't want to be short going into tomorrow. A gap up the next morning is entirely possible when the sell off to buying brokers is this late in the day. Notice the price was rebounding the last four minutes. For an internet stock PSIX is a tough cookie. Maybe we can get someone else to give us their take.

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