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To: IQBAL LATIF who wrote (27414)	7/7/1999 9:47:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Buy Alert! PSINET INC (PSIX) Nasdaq Report No. 824 Analysis by: Harry Aloof JULY 7, 1999 PSINET INC (PSIX-Nasdaq): Technical Viewpoint: From a low of $41.00 on Apr 20, 1999 prices rallied, reaching a high of $65.00 on Apr 26, 1999. A decline saw prices pull back, reaching a low of $34 3/4 on Jun 14, 1999. Another rally saw prices penetrate resistance line "A", closing 7/6/99 at $52.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 29, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $46 1/2. Resistance: Is at $56 1/4. Point & Figure: Reversed to the upside on Jul 2, 1999. A P&F downside reversal takes place at $49 1/2. Summary: Technical indicators have turned bullish. BUY! PSINET INC (PSIX-Nasdaq) @ $54 1/2 Stop: Use a protective stop of $51 5/8. PSINET INC is currently trading @ $52.94 plus $4 1/8 on Jul 6, 1999. Price Objective: $79 1/2. Risk/Reward: $2 7/8 VS. $25.00. Today's Risk Reward Ratio: 9:1 Price Objective: $79 1/2 Risk/Reward: $2 7/8 VS. $25.00 Risk/Reward Ratio: 9:1