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


To: Patrice Gigahurtz who wrote (5211)11/3/2000 11:19:14 PM
From: Curtis Gruber  Read Replies (1) | Respond to of 5650
 
Patrice, I am in no position to really give advice, especially since I don't know your situation.

It's really you. Some people would say, 'why sell now at what is close to the bottom(literally),it can't go much lower,can it?'
Then others would say, 'well, it very well could go to zero, they could file BK, the class action suits have already begun.'

I think it's smart to wait and see what their next move is, hopefully they will be very open with the street and give us a play by play to build confidence back up. Would be horrible to have to wait till Feb. to hear what they plan on doing.


hope your decision turns out to be the right one,
cg



To: Patrice Gigahurtz who wrote (5211)11/4/2000 12:06:38 PM
From: Luce Wildebeest  Read Replies (1) | Respond to of 5650
 
Patrice allow me to suggest...You can, if you have the funds and believe PSIX can turn it around even to the $5 level, buy more shares after the selling dries up and sell your current holdings in a months time for a tax write off. You are looking/hoping for something to take place before years end as far as obvious direction of PSIX. It won't happen that way at least odds are very much against it. The point is do you have enough funds to 'rest' in dead money for an extended period? If you have sufficient gains this year then take your loss. you can do it the other way round...sell now and buy back in a month. niv niv