SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?


To: Sofa Kingdom who wrote (4757)11/13/1999 2:04:00 AM
From: Curtis Gruber  Read Replies (1) | Respond to of 5650
 
Pretty volatile week. Up just about
10% on the dot for the week, most of course coming today.

After some lackluster volume last day or so, PSIX made up for it today. Nice to see that first million trading so quick and furious this morning. Consistent large trades passing by...nice to see.

Sometimes confusing to see such high interest from institutions yet short interest rising month after month as well. Eventually something will have to give. This type of "divergence" can't continue. Maybe we can build on today's strength next week.

Real nice to see such a strong move before the weekend as well as two days before the Fed meets. To me that means that the "big players" want to be in PSIX regardless of what the Fed does.

just my thoughts,
cg



To: Sofa Kingdom who wrote (4757)11/13/1999 2:11:00 AM
From: Curtis Gruber  Respond to of 5650
 
Lots of money
moving into the November and December 50 calls as well. Speculation bubble stretching a bit...always nice to have a little speculation, never hurt anyone...grin.

Anyone see that 70,000 share trade today? That was the biggest I noticed, although I only watched the tape for a bit this morning.

regards,
cg



To: Sofa Kingdom who wrote (4757)11/13/1999 2:22:00 AM
From: Curtis Gruber  Respond to of 5650
 
$3.725 billion is the
52 week "market cap" high for PSIX, I believe.

We're about 7.5 bucks away from that, if I calculate it correctly.

Puts things in perspective a little better, at least for me. A move to our current 52 week "share" high would give us a cap of nearly 4.8billion. Quite a difference because of the increased amount of shares outstanding.

Just something for us to keep in mind,
cg