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

To: Curtis Gruber who wrote (4619)	7/28/1999 10:06:00 AM
From: Curtis Gruber	Respond to of 5650

High not too long ago was $65/share, we are now $13 or 20% off that high, so PSIX is in a "bear market correction"......kinda, if we want to use the magic 20% decline as a barometer.(or as Kramer says "it's pronounced thermometer"). Question is short term, do we break down further here. Lot depends on how market responds to Greenspan. They don't seem to care that we've had nothing but good news from PSIX, great execution, guess they are fickle or just fearful. regards, cg($40k buy just went across, took us to 175,600 on the vol./ bid stuck at $52.25 for the last 10min. or so...wierd.)

To: Curtis Gruber who wrote (4619)	7/28/1999 10:10:00 AM
From: Curtis Gruber	Respond to of 5650

Average size trade this morn. was about 230....jumped to 500+ in last half hour...and as of now, after the 40k buy, at least one 5k sell if not more, we now have a average trade at 742. Bid/ask still not really changing, MM's just absorbing all the vol. and not moving price at all. regards, cg