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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?


To: phil davidson who wrote (4599)7/16/1999 12:21:00 AM
From: Curtis Gruber  Respond to of 5650
 
What strength PSIX is showing.

Some have compared it to recent runs with MSPG and ELNK, CNCX and VRIO, EXDS and others, but this is altogether different.

First of all PSIX never traded in tandem with them anyway. Second PSIX is a different breed. None of these companies are even close to what PSIX is becoming. Third, PSIX has been trading up with stellar volume regardless of what the broader markets do.

Definite accumulation. Are they all just waking up to what we already knew or is there something in the air?

regards,
cg



To: phil davidson who wrote (4599)7/16/1999 12:28:00 AM
From: Curtis Gruber  Respond to of 5650
 
Also key to remember is the 52 week high PSIX set of $73.75 equated to roughly 3.725billion dollars in market cap.

Today, ending at $63.625, this equates to a market cap of 4.1billion dollars! So we are actually trading well over our 52 week high, at least value or market cap wise, even if our share price is currently $10 less than the literal 52 week high.

cg



To: phil davidson who wrote (4599)7/16/1999 12:32:00 AM
From: Curtis Gruber  Read Replies (2) | Respond to of 5650
 
Eventually we will run out of gas, at least for the short term, just tough to guess when, for any that have shares they are trading.

I have a bunch for the long term and some I trade, but I have just sat back in awe at this latest run, I think we're just about at a 100% gain in the last month.

Every time I think it's about time to give back we push ahead. I have never seen PSIX behave like this. It's near frightening.

For all those would be suitors out there, I wonder what they're thinking as they eyed PSIX in the $30's scant weeks ago, only to see it's price tag swelling and swelling along with it's buying power.

As our market cap continues to increase, I would expect to see more cash/stock deals. Of course PSIX management has been savvy enough to raise funds at opportune times, so I guess the war chest continues to remain full. How nice.