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


To: James F. Hopkins who wrote (5272)11/10/2000 8:07:20 AM
From: Patrice Gigahurtz  Read Replies (1) | Respond to of 5650
 
James: I've never shorted a stock in my life and I am long some PSIX (don't laugh please) but is it possible that if someone shorts PSIX that they might cover their a-- by buying an out of the money call several months out ?

As for investing in PSIX in the first place the only good thing is that I didn't buy at $17 like I almost did. Instead I saw it tank to $10 3/4 and bought then thinking that I'd try and catch a falling knife. My history of buying falling knives has not been that good and true to form it failed me again. I'd love to get $5 for my shares at some point down the road.