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

To: Dnorman who wrote (5195)	11/3/2000 1:52:47 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 5650

The bond holders will short the stock to high heaven, in the event they feel they need to push the directors out to protect their investment they want the stock to be dirt cheap before they take over the company. The risk that PSIX could get dirt cheap is one reason I sold the CCs as soon as I could, there is a lot of dust to settle before this is over but at $1 a share I still think she is a steal it may take some time but the bond holders even if they take over the company will eventually only get enough out of her to keep from taking a bath of it if they put her back on her feet. ------- This is not some short term bet , and people playing it that way will chicken out at a loss before it's over this is a deal where you have to hang on like a pit bull and buy even more right in the face of what may look like a sure wreak. -------------- In the market Bulls make money & Bears make money , But Pigs and Chickens get slaughtered. Jim