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

To: Luce Wildebeest who wrote (5220)	11/4/2000 2:37:48 PM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 5650

Calvin: It would depend on my sanity and at this point I'd be insane as I shouldn't have gotten into this mess in the first place. My general principle has been to only invest in companies that have real net profits. I've done well with that theory over the years. However, at times (Apple at $18, US Air at $18) I caught falling knives and done well, but their the few exceptions. For the most part my experience in catching falling knives (MCRE, PSIX, COVD, ELNK, MCRE, TRUV etc) has wiped out all my profits in stocks of companies that actually had net profits. My biggest mistake of the past 4 years was altering my investment theory in 1999 and gambling on companies that had big revs but no net profits or positive cash flow. If I had stuck with my original investment theory I wouldn't have invested in PSIX in the first place. I'm sworn off investing any more in companies that lack a net profit of at least $0.01cent. I'll keep my PSIX shares till near the closing bell 12/31/00 and hope by then I get better than $2 1/2. If by then PSIX comes up with a good survival announcement then I'll consider carrying a large PSIX paper loss into year2001; but I'd be hard pressed to come up with the 2001 trading profits to offset the paper loss in PSIX that I'm now holding. I'd hate to have to start year2001 behind the 8-ball tax loss wise and we're not sure if 2001 will be a positive climate for trading in the first place (slowing GNP, $30ish oil, Fed inflation moves, etc).